fuboTV Inc. (NYSE:FUBO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of fuboTV Inc. (NYSE:FUBO) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.8333.

Several equities research analysts recently issued reports on FUBO shares. Wall Street Zen cut fuboTV from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of fuboTV in a research note on Thursday, June 11th. Weiss Ratings restated a “sell (e+)” rating on shares of fuboTV in a research report on Wednesday, August 5th. Barrington Research reissued an “outperform” rating and issued a $16.00 price objective on shares of fuboTV in a research note on Thursday, June 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of fuboTV in a research report on Friday, June 12th.

Hedge Funds Weigh In On fuboTV

Several institutional investors have recently added to or reduced their stakes in FUBO. Second Line Capital LLC acquired a new stake in fuboTV in the second quarter worth $302,000. Corient Private Wealth LP bought a new position in shares of fuboTV during the 2nd quarter worth about $595,000. HighTower Advisors LLC acquired a new stake in shares of fuboTV in the 2nd quarter valued at about $775,000. Two Sigma Securities LLC acquired a new stake in shares of fuboTV in the 2nd quarter valued at about $92,000. Finally, GTS Securities LLC bought a new stake in fuboTV in the 2nd quarter valued at about $442,000. 39.31% of the stock is owned by institutional investors and hedge funds.

fuboTV Stock Down 1.4%

Shares of FUBO traded down $0.14 during mid-day trading on Friday, hitting $9.76. 197,303 shares of the company’s stock were exchanged, compared to its average volume of 1,555,068. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.00 and a quick ratio of 1.00. fuboTV has a 52 week low of $7.95 and a 52 week high of $56.64. The company has a market cap of $294.79 million, a PE ratio of -7.63 and a beta of 2.41. The company has a 50-day simple moving average of $10.05 and a 200 day simple moving average of $10.76.

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

fuboTV Company Profile

fuboTV Inc is a sports-focused live television streaming company that provides subscribers with access to live sports, news and entertainment programming over the internet. Its service is designed as an alternative to traditional pay television, allowing customers to stream programming on connected televisions, mobile devices, computers and other supported platforms.

The company’s offerings generally include packages of live television channels, sports networks and regional programming, along with features such as cloud-based digital video recording and multiview capabilities.