fuboTV (NYSE:FUBO) Trading 7.4% Higher

fuboTV Inc. (NYSE:FUBOGet Rating) rose 7.4% on Wednesday . The company traded as high as $4.63 and last traded at $4.63. Approximately 241,223 shares traded hands during trading, a decline of 98% from the average daily volume of 12,699,072 shares. The stock had previously closed at $4.31.

Analyst Ratings Changes

FUBO has been the subject of a number of analyst reports. Evercore ISI lifted their target price on shares of fuboTV from $5.00 to $8.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Wedbush raised shares of fuboTV from a “neutral” rating to an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC lifted their target price on shares of fuboTV from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.46.

fuboTV Trading Down 10.3 %

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $3.72 and its 200 day moving average price is $4.18. The company has a market capitalization of $726.38 million, a P/E ratio of -1.30 and a beta of 3.26.

fuboTV (NYSE:FUBOGet Rating) last posted its earnings results on Thursday, August 4th. The company reported ($0.63) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.06. The company had revenue of $221.89 million during the quarter, compared to the consensus estimate of $226.02 million. fuboTV had a negative net margin of 55.63% and a negative return on equity of 71.11%. As a group, equities research analysts predict that fuboTV Inc. will post -2.98 earnings per share for the current year.

Institutional Investors Weigh In On fuboTV

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in fuboTV by 8.0% during the first quarter. Vanguard Group Inc. now owns 12,621,424 shares of the company’s stock worth $82,922,000 after purchasing an additional 937,157 shares during the last quarter. BlackRock Inc. boosted its holdings in fuboTV by 4.6% during the first quarter. BlackRock Inc. now owns 10,266,847 shares of the company’s stock worth $67,454,000 after purchasing an additional 454,483 shares during the last quarter. Renaissance Technologies LLC purchased a new position in fuboTV during the first quarter worth about $27,764,000. Marshall Wace LLP boosted its holdings in fuboTV by 27.1% during the fourth quarter. Marshall Wace LLP now owns 3,391,104 shares of the company’s stock worth $52,632,000 after purchasing an additional 723,536 shares during the last quarter. Finally, State Street Corp boosted its holdings in fuboTV by 11.7% during the first quarter. State Street Corp now owns 3,065,500 shares of the company’s stock worth $20,140,000 after purchasing an additional 321,419 shares during the last quarter. 42.59% of the stock is owned by institutional investors.

About fuboTV

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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.

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