fuboTV (NYSE:FUBO) Earns “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of fuboTV (NYSE:FUBO) in a research note released on Wednesday morning, Benzinga reports. The firm currently has a $2.90 price target on the stock.

Several other research analysts have also recently commented on FUBO. Evercore ISI lowered their target price on fuboTV from $3.00 to $2.50 and set an in-line rating for the company in a research note on Monday, March 4th. Roth Mkm lowered their price objective on fuboTV from $3.25 to $2.00 and set a neutral rating for the company in a research report on Wednesday, February 7th. Needham & Company LLC cut their target price on shares of fuboTV from $4.00 to $3.00 and set a buy rating on the stock in a research note on Friday, March 1st. Finally, Wedbush reiterated an outperform rating and issued a $5.00 price target on shares of fuboTV in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, fuboTV currently has an average rating of Moderate Buy and a consensus price target of $3.07.

fuboTV Trading Down 11.3 %

NYSE FUBO opened at $1.38 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $412.34 million, a price-to-earnings ratio of -1.29 and a beta of 2.07. The firm has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $2.37. fuboTV has a one year low of $1.08 and a one year 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%. Equities research analysts anticipate that fuboTV will post -0.68 EPS for the current fiscal year.

Insider Transactions at fuboTV

In other news, CFO John Janedis sold 18,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1.90, for a total transaction of $34,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Swiss National Bank acquired a new position in fuboTV in the third quarter valued at $1,713,000. Quadrature Capital Ltd boosted its position in shares of fuboTV by 29.8% in the 3rd quarter. Quadrature Capital Ltd now owns 77,800 shares of the company’s stock valued at $209,000 after purchasing an additional 17,855 shares during the period. SG Americas Securities LLC boosted its position in shares of fuboTV by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock valued at $732,000 after purchasing an additional 48,431 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in fuboTV during the 4th quarter worth approximately $36,000. Finally, Aptus Capital Advisors LLC acquired a new position in fuboTV during the third quarter worth approximately $1,418,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

fuboTV Company Profile

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.