Equities Analysts Issue Forecasts for fuboTV FY2027 Earnings

Key Points

• Wedbush analysts revised fuboTV's FY2027 earnings per share forecast from $0.15 to $0.18, maintaining an "Outperform" rating with a price target of $6.00.
• Needham & Company LLC also increased their target price for fuboTV from $3.00 to $4.25 while assigning a "buy" rating, contributing to a consensus rating of "Moderate Buy".
• fuboTV's stock is currently trading around $4.14, having seen significant institutional investment, particularly from the Vanguard Group, which increased its stake by 8.0% recently.

fuboTV Inc. (NYSE:FUBO - Free Report) - Stock analysts at Wedbush raised their FY2027 EPS estimates for fuboTV in a research note issued on Wednesday, July 30th. Wedbush analyst A. Reese now forecasts that the company will earn $0.18 per share for the year, up from their prior forecast of $0.15. Wedbush has a "Outperform" rating and a $6.00 price objective on the stock. The consensus estimate for fuboTV's current full-year earnings is ($0.51) per share.

Several other equities research analysts also recently commented on the company. Wall Street Zen upgraded fuboTV from a "hold" rating to a "buy" rating in a report on Saturday. Needham & Company LLC lifted their price objective on fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $4.63.

fuboTV Stock Down 5.5%

NYSE:FUBO traded down $0.22 during mid-day trading on Thursday, reaching $3.76. The company's stock had a trading volume of 21,202,168 shares, compared to its average volume of 16,661,395. The company's fifty day simple moving average is $3.50 and its two-hundred day simple moving average is $3.36. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. fuboTV has a twelve month low of $1.15 and a twelve month high of $6.45.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of fuboTV by 4,378.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 24,542 shares of the company's stock valued at $95,000 after purchasing an additional 23,994 shares during the last quarter. Carnegie Investment Counsel purchased a new stake in shares of fuboTV during the second quarter valued at $51,000. Uhlmann Price Securities LLC lifted its holdings in shares of fuboTV by 12.9% during the second quarter. Uhlmann Price Securities LLC now owns 57,000 shares of the company's stock valued at $220,000 after purchasing an additional 6,500 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of fuboTV during the second quarter valued at $262,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of fuboTV by 37.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,090 shares of the company's stock valued at $93,000 after purchasing an additional 6,520 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

Insider Activity at fuboTV

In related news, Director Laura Diane Onopchenko sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $3.92, for a total transaction of $392,000.00. Following the completion of the transaction, the director owned 283,070 shares in the company, valued at $1,109,634.40. The trade was a 26.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel V. Leff sold 75,339 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $4.14, for a total value of $311,903.46. Following the transaction, the director owned 375,395 shares of the company's stock, valued at $1,554,135.30. This represents a 16.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 241,400 shares of company stock worth $985,323 in the last 90 days. 5.30% of the stock is currently owned by company insiders.

fuboTV Company Profile

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.