fuboTV Inc. (NYSE:FUBO) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on fuboTV, with six buy ratings, one strong buy, two holds and one sell. The average 12-month price target is $16.83, well above the recent $9.76 share price.
• Institutional and hedge-fund ownership stands at 39.31%; Mudrick Capital initiated a roughly $12.4 million position, while several other investors increased their holdings.
• fuboTV’s latest quarterly loss was narrower than expected at $0.25 per share versus a $0.29 estimate, while revenue rose 38% year over year to $1.48 billion, slightly below expectations.

fuboTV Inc. (NYSE:FUBO - Get Free Report) has been given an average rating of "Moderate Buy" by the ten research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.8333.

Several equities research analysts have recently issued reports on FUBO shares. Wall Street Zen downgraded shares of fuboTV from a "hold" rating to a "sell" rating in a research note on Sunday, June 21st. Weiss Ratings restated a "sell (e+)" rating on shares of fuboTV in a report on Wednesday, August 5th. Citigroup reaffirmed a "market outperform" rating on shares of fuboTV in a research report on Thursday, June 11th. Citizens Jmp reiterated a "market outperform" rating and issued a $15.00 target price on shares of fuboTV in a research note on Thursday, June 11th. Finally, Barrington Research restated an "outperform" rating and set a $16.00 price target on shares of fuboTV in a research note on Thursday, June 11th.

Hedge Funds Weigh In On fuboTV

Large investors have recently made changes to their positions in the company. Mudrick Capital Management L.P. acquired a new position in shares of fuboTV during the 2nd quarter worth about $12,387,000. Pacer Advisors Inc. grew its holdings in shares of fuboTV by 33.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company's stock valued at $4,666,000 after buying an additional 464,607 shares during the period. Main Management ETF Advisors LLC grew its holdings in shares of fuboTV by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 698,436 shares of the company's stock valued at $1,760,000 after buying an additional 7,136 shares during the period. HighTower Advisors LLC increased its position in shares of fuboTV by 2.3% in the 4th quarter. HighTower Advisors LLC now owns 522,406 shares of the company's stock valued at $1,316,000 after buying an additional 11,855 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of fuboTV by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 110,183 shares of the company's stock valued at $1,014,000 after buying an additional 11,189 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

fuboTV Trading Down 1.4%

NYSE FUBO traded down $0.14 on Friday, hitting $9.76. 197,303 shares of the company were exchanged, compared to its average volume of 1,555,068. The company's 50 day moving average price is $10.05 and its 200-day moving average price is $10.76. The firm has a market capitalization of $294.79 million, a P/E ratio of -7.63 and a beta of 2.41. 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 twelve month low of $7.95 and a twelve month high of $56.64.

fuboTV (NYSE:FUBO - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.50 billion. fuboTV had a negative return on equity of 7.67% and a negative net margin of 0.71%.The business's revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) earnings per share. Analysts predict 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.

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