fuboTV Inc. (NYSE:FUBO) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts rate fuboTV “Moderate Buy”: Of 10 analysts, six recommend buying, one strongly recommends buying, two advise holding, and one recommends selling. The average 12-month price target is $16.83.
• Institutional ownership stands at 39.31%, with several investors recently increasing or initiating positions, including State Street Corp., which acquired a stake valued at approximately $5.76 million.
• fuboTV shares rose 0.6% to $8.79, but remain well below their 52-week high of $52.68. The company’s latest quarter showed 38% year-over-year revenue growth, while it reported a loss of $0.25 per share.

fuboTV Inc. (NYSE:FUBO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the firm, Marketbeat.com reports. One 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 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.83.

A number of equities research analysts have issued reports on the stock. Wedbush reissued an "outperform" rating and set a $19.00 target price on shares of fuboTV in a research note on Friday, September 18th. Wall Street Zen lowered shares of fuboTV from a "hold" rating to a "sell" rating in a research note on Sunday, June 21st. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of fuboTV in a report on Wednesday, August 5th.

Institutional Investors Weigh In On fuboTV

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in 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 buying an additional 3,919 shares during the last quarter. Versant Capital Management Inc lifted its position in fuboTV by 792.2% in the third quarter. Versant Capital Management Inc now owns 2,855 shares of the company's stock worth $26,000 after purchasing an additional 2,535 shares during the period. State Street Corp acquired a new stake in shares of fuboTV during the 2nd quarter valued at about $5,756,000. Second Line Capital LLC bought a new stake in fuboTV in the second quarter valued at $302,000. Finally, Corient Private Wealth LP bought a new position in shares of fuboTV in the second quarter valued at approximately $595,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

fuboTV Trading Up 0.6%

Shares of fuboTV stock traded up $0.05 during trading on Tuesday, hitting $8.79. The stock had a trading volume of 67,440 shares, compared to its average volume of 1,519,238. The stock has a 50 day simple moving average of $10.07 and a 200 day simple moving average of $10.15. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.45. fuboTV has a 1 year low of $7.95 and a 1 year high of $52.68. The company has a market capitalization of $265.43 million, a PE ratio of -6.85 and a beta of 2.41.

fuboTV (NYSE:FUBO - Get Free Report) last released its earnings results 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 company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. fuboTV had a negative return on equity of 7.67% and a negative net margin of 0.71%. The company's revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. On average, research analysts expect that fuboTV will post -0.29 EPS for the current fiscal year.

About fuboTV

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

The company's offerings generally include live national and regional sports networks, broadcast television stations, news channels, entertainment programming and cloud-based digital video recording.

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