fuboTV (NYSE:FUBO) Sees Strong Trading Volume

fuboTV Inc. (NYSE:FUBO) shares saw strong trading volume on Monday . 21,476,687 shares were traded during trading, an increase of 45% from the previous session’s volume of 14,786,807 shares.The stock last traded at $2.92 and had previously closed at $3.02.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stephens restated an “equal weight” rating and set a $3.00 price target on shares of fuboTV in a research report on Monday, August 7th. Needham & Company LLC restated a “buy” rating and set a $4.00 price target on shares of fuboTV in a research report on Friday, August 18th. Wedbush reiterated an “outperform” rating and issued a $5.00 target price on shares of fuboTV in a research report on Monday, August 7th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $3.00 target price on shares of fuboTV in a research report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.75.

fuboTV Trading Down 18.2 %

The firm has a market cap of $720.87 million, a price-to-earnings ratio of -1.17 and a beta of 2.47. The company’s 50-day moving average price is $2.58 and its 200-day moving average price is $1.91. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.96.

fuboTV (NYSE:FUBO) last issued its earnings results on Friday, August 4th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.13. fuboTV had a negative net margin of 37.10% and a negative return on equity of 88.20%. The company had revenue of $312.74 million for the quarter, compared to the consensus estimate of $301.93 million. Equities analysts expect that fuboTV Inc. will post -1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in fuboTV by 72.2% during the 1st quarter. Principal Financial Group Inc. now owns 20,747 shares of the company’s stock worth $25,000 after buying an additional 8,696 shares during the last quarter. CI Private Wealth LLC purchased a new position in shares of fuboTV in the 4th quarter valued at about $26,000. Victory Capital Management Inc. purchased a new position in shares of fuboTV in the 1st quarter valued at about $27,000. Franklin Resources Inc. acquired a new stake in fuboTV in the 2nd quarter valued at about $30,000. Finally, Tower Research Capital LLC TRC boosted its stake in fuboTV by 377.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 25,565 shares of the company’s stock worth $31,000 after buying an additional 20,210 shares during the last quarter. Institutional investors and hedge funds own 33.40% of the company’s stock.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.