Analysts Set FuboTV Inc. (NYSE:FUBO) Target Price at $2.88

FuboTV Inc. (NYSE:FUBO) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2.88.

A number of equities analysts have issued reports on the stock. Seaport Res Ptn cut shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Barrington Research restated a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a report on Monday, August 19th.

Insiders Place Their Bets

In other news, Director Neil Glat bought 25,000 shares of FuboTV stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $1.42 per share, for a total transaction of $35,500.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $35,500. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FuboTV

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of FuboTV by 22.8% during the fourth quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock valued at $121,000 after purchasing an additional 7,040 shares in the last quarter. Jump Financial LLC increased its position in FuboTV by 32.5% during the 4th quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock valued at $109,000 after buying an additional 8,433 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in FuboTV by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after buying an additional 9,229 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in FuboTV by 15.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock valued at $376,000 after buying an additional 15,666 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of FuboTV by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,259,363 shares of the company’s stock worth $7,185,000 after acquiring an additional 22,762 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

FuboTV Price Performance

FUBO opened at $1.55 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $1.55 and its 200 day simple moving average is $1.44. The firm has a market cap of $464.81 million, a price-to-earnings ratio of -1.74 and a beta of 1.81. FuboTV has a 1 year low of $1.10 and a 1 year high of $3.82.

FuboTV (NYSE:FUBO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. The firm had revenue of $389.22 million for the quarter, compared to analysts’ expectations of $369.47 million. As a group, analysts predict that FuboTV will post -0.51 earnings per share for the current year.

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.