fuboTV (NYSE:FUBO) Stock Gets Price Target Trim from B. Riley Financial

fuboTV (NYSE:FUBO) had its price target cut by stock analysts at B. Riley Financial from $18.00 to $16.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial‘s target price indicates a potential upside of 106.24% from the company’s previous close.

Other analysts also recently issued reports about the stock. Wedbush reiterated an “outperform” rating and issued a $19.00 price target on shares of fuboTV in a report on Friday, September 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of fuboTV in a report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, fuboTV presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

fuboTV Trading Up 1.1%

Shares of FUBO opened at $7.76 on Friday. 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 1 year low of $7.44 and a 1 year high of $44.76. The company has a 50 day simple moving average of $9.04 and a two-hundred day simple moving average of $11.30. The firm has a market cap of $234.29 million, a P/E ratio of -6.04 and a beta of 2.37.

fuboTV (NYSE:FUBO) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.04. fuboTV had a negative net margin of 0.71% and a negative return on equity of 7.67%. During the same quarter in the previous year, the company earned ($0.02) EPS. The business’s revenue for the quarter was up 38.0% on a year-over-year basis. On average, equities analysts expect that fuboTV will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of fuboTV

Several hedge funds have recently modified their holdings of FUBO. Mudrick Capital Management L.P. purchased a new position in shares of fuboTV in the second quarter valued at $12,387,000. State Street Corp purchased a new stake in fuboTV during the second quarter valued at $5,756,000. Bank of New York Mellon Corp raised its stake in fuboTV by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 110,183 shares of the company’s stock valued at $1,014,000 after purchasing an additional 11,189 shares in the last quarter. HighTower Advisors LLC purchased a new stake in fuboTV during the second quarter valued at $775,000. Finally, Corient Private Wealth LP purchased a new stake in fuboTV during the second quarter valued at $595,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

About fuboTV

FuboTV Inc., which operates under the Fubo name, is a live-TV streaming company with a focus on sports. Its subscription service offers live sports programming alongside news and entertainment channels, providing an internet-based alternative to traditional pay television. The service includes packages with different channel selections and may offer add-ons and features such as cloud DVR, depending on the market and plan. Fubo began in 2015 as a streaming service focused on soccer and later expanded into a broader live-TV offering.