fuboTV Inc. (FUBO) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts rate fuboTV a “Moderate Buy” overall: Six of 10 covering analysts recommend buying, one strongly recommends buying, two say hold, and one says sell. Their average 12-month price target is $16.83.
• In its latest reported quarter, fuboTV posted a loss of $0.25 per share, better than the $0.29 loss analysts expected, while revenue of $1.48 billion came in below estimates of $1.50 billion. Revenue rose 38% year over year.
• Shares recently traded at $7.63, close to their one-year low of $7.44 and well below their one-year high of $48.24. Institutional investors and hedge funds own 39.31% of the stock.

fuboTV Inc. (NYSE:FUBO - Get Free Report) has been given an average rating of "Moderate Buy" by the ten analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $16.83.

Several research analysts have issued reports on the company. Wedbush reaffirmed an "outperform" rating and issued a $19.00 price target on shares of fuboTV in a report on Friday, September 18th. Weiss Ratings restated a "sell (e+)" rating on shares of fuboTV in a report on Wednesday, August 5th.

fuboTV Price Performance

FUBO stock traded down $0.06 during trading hours on Friday, hitting $7.63. 1,157,066 shares of the stock traded hands, compared to its average volume of 1,062,514. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of $9.26 and a 200 day simple moving average of $11.75. fuboTV has a one year low of $7.44 and a one year high of $48.24. The company has a market cap of $230.43 million, a P/E ratio of -5.96 and a beta of 2.37.

fuboTV (NYSE:FUBO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) earnings per share 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%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted ($0.02) EPS. The business's revenue for the quarter was up 38.0% on a year-over-year basis. Equities analysts forecast that fuboTV will post -0.42 earnings per share for the current year.

Institutional Trading of fuboTV

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of fuboTV by 792.2% in the 3rd quarter. Versant Capital Management Inc now owns 2,855 shares of the company's stock valued at $26,000 after acquiring an additional 2,535 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in fuboTV by 1,516.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,514 shares of the company's stock valued at $32,000 after acquiring an additional 11,740 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of fuboTV by 126.0% in the 3rd quarter. GAMMA Investing LLC now owns 7,029 shares of the company's stock valued at $63,000 after purchasing an additional 3,919 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of fuboTV by 384.9% in the third quarter. Nisa Investment Advisors LLC now owns 9,199 shares of the company's stock worth $82,000 after purchasing an additional 7,302 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of fuboTV during the second quarter worth approximately $92,000. Institutional investors and hedge funds own 39.31% of the company's stock.

About fuboTV

fuboTV Inc NYSE: FUBO operates a subscription-based streaming television service focused on live sports, news and entertainment programming. Its platform is designed to provide an internet-based alternative to traditional pay television, offering live channels, on-demand content and cloud DVR functionality through connected TVs, mobile devices and web browsers.

The company's programming includes national and regional sports networks, broadcast stations, news channels and general entertainment networks.

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