Brokerages Set fuboTV Inc. (NYSE:FUBO) PT at $3.42

fuboTV Inc. (NYSE:FUBO) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3.42.

Several equities research analysts have weighed in on FUBO shares. Evercore ISI cut their price target on fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a report on Monday, March 4th. Roth Mkm reduced their target price on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and issued a $5.00 price target on shares of fuboTV in a research note on Monday, March 4th. Finally, Needham & Company LLC dropped their price objective on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, March 1st.

fuboTV Trading Down 3.6 %

FUBO opened at $1.35 on Thursday. The firm has a market cap of $404.33 million, a P/E ratio of -1.26 and a beta of 1.99. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The business has a fifty day simple moving average of $1.69 and a 200-day simple moving average of $2.43. fuboTV has a 52 week low of $1.03 and a 52 week high of $3.87.

fuboTV (NYSE:FUBO) last released its earnings results on Friday, March 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.08. The company had revenue of $410.18 million for the quarter, compared to analyst estimates of $397.37 million. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. On average, equities analysts expect that fuboTV will post -0.68 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO John Janedis sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1.90, for a total transaction of $34,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On fuboTV

Several hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd boosted its holdings in shares of fuboTV by 144.4% in the fourth quarter. Quadrature Capital Ltd now owns 190,161 shares of the company’s stock valued at $605,000 after acquiring an additional 112,361 shares during the period. Vanguard Group Inc. raised its position in fuboTV by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 22,389,565 shares of the company’s stock valued at $71,199,000 after purchasing an additional 80,687 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in fuboTV by 10.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 174,586 shares of the company’s stock worth $556,000 after purchasing an additional 15,987 shares during the period. GSA Capital Partners LLP boosted its stake in fuboTV by 108.7% during the 4th quarter. GSA Capital Partners LLP now owns 111,933 shares of the company’s stock worth $356,000 after purchasing an additional 58,300 shares during the period. Finally, Barclays PLC grew its position in fuboTV by 175.7% during the 4th quarter. Barclays PLC now owns 561,771 shares of the company’s stock worth $1,786,000 after purchasing an additional 357,996 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

About fuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.