fuboTV Inc. (NYSE:FUBO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Six of 10 brokerages rate fuboTV a buy, one rates it a strong buy, two recommend holding, and one recommends selling. The average 12-month price target is $16.83.
• Recent results showed mixed performance: fuboTV reported a quarterly loss of $0.25 per share, beating estimates, while revenue of $1.48 billion fell slightly short of forecasts but rose 38% year over year.
• Shares remain volatile and below analyst targets: FUBO traded around $10.25, compared with a 52-week range of $7.95 to $56.64. The company also disclosed that its COO sold 141,074 shares, while institutional investors own 39.31% of the stock.

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

A number of research analysts recently issued reports on FUBO shares. Citigroup restated a "market outperform" rating on shares of fuboTV in a research report on Thursday, June 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of fuboTV in a research report on Friday, June 12th. Barrington Research reiterated an "outperform" rating and issued a $16.00 target price on shares of fuboTV in a research note on Thursday, June 11th. Zacks Research downgraded shares of fuboTV from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Finally, Wedbush lowered their price target on shares of fuboTV from $24.00 to $19.00 and set an "outperform" rating for the company in a research report on Thursday, May 7th.

fuboTV Stock Performance

Shares of NYSE:FUBO traded up $0.02 on Monday, reaching $10.25. 96,955 shares of the company's stock were exchanged, compared to its average volume of 1,592,687. The firm has a market capitalization of $309.62 million, a price-to-earnings ratio of -8.00 and a beta of 2.40. fuboTV has a fifty-two week low of $7.95 and a fifty-two week high of $56.64. The business's 50-day moving average is $9.50 and its two-hundred day moving average is $11.56. 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 (NYSE:FUBO - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.25) 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 the consensus estimate of $1.50 billion. fuboTV had a negative return on equity of 7.67% and a negative net margin of 0.71%.fuboTV's quarterly revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) earnings per share. As a group, equities research analysts forecast that fuboTV will post -0.29 EPS for the current year.

Insider Transactions at fuboTV

In other fuboTV news, COO Alberto Horihuela sold 141,074 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $10.38, for a total transaction of $1,464,348.12. Following the completion of the transaction, the chief operating officer directly owned 141,074 shares of the company's stock, valued at $1,464,348.12. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.30% of the stock is owned by insiders.

Institutional Investors Weigh In On fuboTV

A number of hedge funds have recently made changes to their positions in FUBO. Virtu Financial LLC bought a new position in fuboTV in the 4th quarter worth approximately $802,000. Pacer Advisors Inc. raised its stake in fuboTV by 33.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company's stock valued at $4,666,000 after acquiring an additional 464,607 shares in the last quarter. 111 Capital bought a new stake in fuboTV during the 4th quarter valued at $64,000. Main Management ETF Advisors LLC boosted its position in fuboTV by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 698,436 shares of the company's stock worth $1,760,000 after acquiring an additional 7,136 shares during the period. Finally, Harbour Investments Inc. boosted its position in fuboTV by 431.6% during the 4th quarter. Harbour Investments Inc. now owns 21,481 shares of the company's stock worth $54,000 after acquiring an additional 17,440 shares during the period. Institutional investors own 39.31% of the company's stock.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV's proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.

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