fuboTV (NYSE:FUBO) Earns Outperform Rating from Analysts at Evercore

Key Points

• Evercore initiated coverage on fuboTV with an Outperform rating and an $18.00 price target, implying roughly a 38.5% upside from the prior close.
• Analyst sentiment is mixed but positive—two Strong Buy, five Buy, one Hold and one Sell—giving a consensus rating of Moderate Buy and an average price target of $17.33.
• fuboTV traded at $12.99 with a market cap of $381.73 million and a P/E of 2.41, a 12‑month range of $8.31–$56.64, and institutional ownership of about 39.31% after notable stake increases by Two Sigma, Dimensional and Goldman Sachs.

Evercore initiated coverage on shares of fuboTV (NYSE:FUBO - Get Free Report) in a research report issued to clients and investors on Friday. The firm set an "outperform" rating and a $18.00 price target on the stock. Evercore's price target would suggest a potential upside of 38.54% from the company's previous close.

FUBO has been the topic of a number of other research reports. Citizens Jmp began coverage on fuboTV in a research report on Monday, March 30th. They set a "market outperform" rating and a $13.00 price target on the stock. Wall Street Zen raised fuboTV from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Needham & Company LLC dropped their price target on fuboTV from $36.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, March 27th. B. Riley Financial began coverage on fuboTV in a research report on Friday, March 27th. They set a "buy" rating and a $18.00 price target on the stock. Finally, Zacks Research raised fuboTV from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.33.

fuboTV Stock Performance

NYSE:FUBO traded up $0.67 during trading on Friday, reaching $12.99. The company's stock had a trading volume of 249,001 shares, compared to its average volume of 1,646,540. fuboTV has a 12 month low of $8.31 and a 12 month high of $56.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50 day moving average of $12.72 and a 200-day moving average of $26.60. The firm has a market cap of $381.73 million, a price-to-earnings ratio of 2.41 and a beta of 2.37.

Institutional Trading of fuboTV

A number of institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP lifted its holdings in fuboTV by 12.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company's stock worth $27,994,000 after purchasing an additional 734,142 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in fuboTV by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,518,329 shares of the company's stock worth $13,906,000 after purchasing an additional 903,832 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in fuboTV by 124.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company's stock worth $9,152,000 after purchasing an additional 2,010,463 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in fuboTV by 33.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company's stock worth $4,666,000 after purchasing an additional 464,607 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in fuboTV by 378.0% during the 4th quarter. First Trust Advisors LP now owns 1,524,254 shares of the company's stock worth $3,841,000 after purchasing an additional 1,205,393 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.