fuboTV Inc. (NYSE:FUBO) Receives $16.83 Consensus Price Target from Analysts

fuboTV Inc. (NYSE:FUBO) has received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.8333.

Several research analysts have commented on the company. Wall Street Zen downgraded fuboTV from a “hold” rating to a “sell” rating in a research report on Sunday, June 21st. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of fuboTV in a research note on Friday, June 12th. Barrington Research reiterated an “outperform” rating and set a $16.00 price objective on shares of fuboTV in a research note on Thursday, June 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of fuboTV in a research note on Wednesday, August 5th. Finally, Wedbush cut their price target on fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, May 7th.

Insiders Place Their Bets

In related news, COO Alberto Horihuela sold 141,074 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.38, for a total value of $1,464,348.12. Following the completion of the transaction, the chief operating officer owned 141,074 shares in the company, valued at $1,464,348.12. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On fuboTV

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in fuboTV by 124.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock worth $9,152,000 after purchasing an additional 2,010,463 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of fuboTV by 73.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,614,497 shares of the company’s stock valued at $19,154,000 after purchasing an additional 1,954,352 shares during the last quarter. Mudrick Capital Management L.P. grew its position in shares of fuboTV by 1,411.9% during the 2nd quarter. Mudrick Capital Management L.P. now owns 1,346,465 shares of the company’s stock worth $12,387,478 after buying an additional 1,257,405 shares during the period. First Trust Advisors LP grew its position in shares of fuboTV by 378.0% during the 4th quarter. First Trust Advisors LP now owns 1,524,254 shares of the company’s stock worth $3,841,000 after buying an additional 1,205,393 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of fuboTV during the fourth quarter worth approximately $2,922,000. Institutional investors own 39.31% of the company’s stock.

fuboTV Trading Up 0.3%

Shares of NYSE FUBO opened at $10.33 on Monday. The stock has a market cap of $311.97 million, a price-to-earnings ratio of -8.07 and a beta of 2.40. The business has a 50 day simple moving average of $9.61 and a 200 day simple moving average of $11.17. fuboTV has a 52 week low of $7.95 and a 52 week high of $56.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.04. fuboTV had a negative return on equity of 7.67% and a negative net margin of 0.71%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. On average, research analysts predict that fuboTV will post -0.29 earnings per share for the current fiscal year.

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.