fuboTV Inc. (NYSE:FUBO) Receives $16.50 Consensus PT from Brokerages

fuboTV Inc. (NYSE:FUBO) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $16.8333.

Several equities analysts have recently issued reports on FUBO shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of fuboTV in a research report on Thursday, June 11th. Evercore assumed coverage on fuboTV in a research note on Friday, May 1st. They set an “outperform” rating and a $18.00 target price on the stock. Wedbush cut their target price on fuboTV from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings upgraded fuboTV from a “sell (e-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $16.00 target price on shares of fuboTV in a research note on Thursday, June 11th.

Insider Buying and Selling

In other fuboTV news, COO Alberto Horihuela sold 141,074 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $10.38, for a total value of $1,464,348.12. Following the completion of the transaction, the chief operating officer owned 141,074 shares of the company’s stock, valued at approximately $1,464,348.12. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 74.31% of the company’s stock.

Hedge Funds Weigh In On fuboTV

Hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. raised its position in fuboTV by 177.4% in the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after buying an additional 4,413 shares during the last quarter. Hurley Capital LLC purchased a new position in fuboTV in the 4th quarter worth about $25,000. Concurrent Investment Advisors LLC purchased a new position in fuboTV in the 4th quarter worth about $26,000. Focus Partners Wealth purchased a new position in fuboTV in the 1st quarter worth about $30,000. Finally, First Trust Advisors LP purchased a new position in fuboTV in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

fuboTV Stock Performance

Shares of FUBO stock opened at $9.28 on Wednesday. fuboTV has a 12 month low of $8.31 and a 12 month high of $56.64. The stock has a market cap of $273.32 million, a PE ratio of -7.31 and a beta of 2.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average price is $10.88 and its 200-day moving average price is $19.30.

fuboTV (NYSE:FUBO) last announced its earnings results on Wednesday, May 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.28. fuboTV had a negative net margin of 0.90% and a negative return on equity of 5.52%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The company’s quarterly revenue was up 278.1% on a year-over-year basis. On average, equities analysts expect that fuboTV will post -0.29 EPS for the current fiscal year.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.