fuboTV Inc. (NYSE:FUBO) Given Consensus Rating of “Hold” by Brokerages

Shares of fuboTV Inc. (NYSE:FUBO) have received an average rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $3.25.

FUBO has been the subject of several analyst reports. Needham & Company LLC decreased their target price on shares of fuboTV from $4.25 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of fuboTV from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Raymond James Financial began coverage on shares of fuboTV in a research note on Monday, December 1st. They issued a “market perform” rating for the company. Wedbush decreased their price objective on shares of fuboTV from $5.00 to $3.50 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Finally, Zacks Research lowered shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th.

fuboTV Price Performance

NYSE:FUBO opened at $1.18 on Monday. fuboTV has a 52-week low of $1.11 and a 52-week high of $4.72. The company has a market cap of $416.20 million, a P/E ratio of 2.62 and a beta of 2.14. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day simple moving average is $1.94 and its 200 day simple moving average is $2.99.

fuboTV (NYSE:FUBO) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.45 billion. fuboTV had a net margin of 5.72% and a negative return on equity of 9.67%. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period last year, the company posted ($0.11) earnings per share. As a group, sell-side analysts forecast that fuboTV will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling

In other fuboTV news, CEO David Gandler sold 170,279 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $2.55, for a total transaction of $434,211.45. Following the transaction, the chief executive officer owned 561,428 shares of the company’s stock, valued at $1,431,641.40. The trade was a 23.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.30% of the company’s stock.

Institutional Trading of fuboTV

Hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd raised its position in shares of fuboTV by 177.0% in the second quarter. Quadrature Capital Ltd now owns 357,608 shares of the company’s stock valued at $1,377,000 after purchasing an additional 228,488 shares during the period. Jump Financial LLC lifted its stake in shares of fuboTV by 189.6% during the 2nd quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock worth $14,364,000 after buying an additional 2,436,479 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of fuboTV during the 2nd quarter worth about $327,000. Principal Financial Group Inc. boosted its holdings in shares of fuboTV by 2,342.4% during the 3rd quarter. Principal Financial Group Inc. now owns 579,749 shares of the company’s stock worth $2,406,000 after buying an additional 556,012 shares during the period. Finally, Franklin Resources Inc. grew its stake in fuboTV by 609.2% in the 2nd quarter. Franklin Resources Inc. now owns 320,499 shares of the company’s stock valued at $1,237,000 after buying an additional 275,309 shares during the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.