Q1 2023 EPS Estimates for fuboTV Inc. Lifted by Analyst (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBO – Get Rating) – Wedbush lifted their Q1 2023 EPS estimates for shares of fuboTV in a research note issued on Tuesday, February 28th. Wedbush analyst M. Pachter now forecasts that the company will post earnings of ($0.44) per share for the quarter, up from their prior estimate of ($0.63). The consensus estimate for fuboTV’s current full-year earnings is ($2.22) per share. Wedbush also issued estimates for fuboTV’s Q2 2023 earnings at ($0.41) EPS, Q3 2023 earnings at ($0.39) EPS, Q4 2023 earnings at ($0.45) EPS, FY2023 earnings at ($1.69) EPS, FY2024 earnings at ($1.44) EPS and FY2025 earnings at ($1.06) EPS.

A number of other brokerages have also weighed in on FUBO. Barrington Research reiterated a “market perform” rating on shares of fuboTV in a research note on Monday. Stephens reduced their price objective on fuboTV from $5.00 to $3.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of fuboTV in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.85.

fuboTV Price Performance

Shares of FUBO opened at $1.70 on Thursday. The firm has a market cap of $356.49 million, a PE ratio of -0.55 and a beta of 2.45. The company has a current ratio of 1.00, a quick ratio of 1.11 and a debt-to-equity ratio of 0.98. The firm has a fifty day simple moving average of $2.16 and a two-hundred day simple moving average of $3.06. fuboTV has a 1-year low of $1.61 and a 1-year high of $8.60.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Apollon Wealth Management LLC boosted its holdings in fuboTV by 29.4% in the 2nd quarter. Apollon Wealth Management LLC now owns 13,200 shares of the company’s stock worth $33,000 after buying an additional 3,000 shares during the period. Teacher Retirement System of Texas boosted its holdings in fuboTV by 16.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 25,227 shares of the company’s stock worth $90,000 after buying an additional 3,613 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in fuboTV by 14.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 30,714 shares of the company’s stock worth $53,000 after buying an additional 3,900 shares during the period. Rhumbline Advisers boosted its holdings in fuboTV by 3.1% in the 1st quarter. Rhumbline Advisers now owns 136,589 shares of the company’s stock worth $897,000 after buying an additional 4,073 shares during the period. Finally, Ensign Peak Advisors Inc boosted its holdings in fuboTV by 31.5% in the 1st quarter. Ensign Peak Advisors Inc now owns 17,350 shares of the company’s stock worth $114,000 after buying an additional 4,160 shares during the period. Institutional investors own 36.49% of the company’s stock.

fuboTV Company Profile

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fuboTV, Inc operates as a sports-first, live TV streaming company. The firm focuses on offering subscribers access to tens of thousands of live sporting events annually as well as news and entertainment content. Its platform, fuboTV, allows customers to access content through streaming devices and on Smart TVs, mobile phones, tablets, and computers.