fuboTV (NYSE:FUBO) had its price target dropped by equities research analysts at Oppenheimer from $45.00 to $35.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price target suggests a potential upside of 8.33% from the stock's previous close.
A number of other equities analysts have also issued reports on FUBO. Zacks Investment Research upgraded fuboTV from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research note on Wednesday, March 3rd. BMO Capital Markets decreased their target price on shares of fuboTV from $50.00 to $45.00 in a research note on Wednesday, March 3rd. Berenberg Bank initiated coverage on shares of fuboTV in a research report on Thursday, November 19th. They set a "buy" rating and a $28.00 price target on the stock. Wedbush lifted their target price on shares of fuboTV from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, February 1st. Finally, Evercore ISI boosted their price target on shares of fuboTV from $32.00 to $42.00 in a research note on Wednesday, March 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. The company currently has an average rating of "Buy" and an average target price of $44.67.
Shares of fuboTV stock opened at $32.31 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -2.39 and a beta of 2.64. fuboTV has a 52 week low of $5.00 and a 52 week high of $62.29. The stock's 50-day simple moving average is $40.81 and its 200-day simple moving average is $30.71.
fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Monday, March 1st. The company reported ($2.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($1.76). The business had revenue of $105.08 million during the quarter, compared to analyst estimates of $93.94 million. fuboTV's revenue for the quarter was up 97.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.07) EPS. On average, equities analysts expect that fuboTV will post -6.39 earnings per share for the current year.
In other news, CEO David Gandler sold 42,584 shares of fuboTV stock in a transaction that occurred on Thursday, March 4th. The shares were sold at an average price of $32.26, for a total value of $1,373,759.84. Following the transaction, the chief executive officer now owns 1,241,308 shares of the company's stock, valued at approximately $40,044,596.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 27.44% of the company's stock.
Large investors have recently added to or reduced their stakes in the stock. Zweig DiMenna Associates LLC acquired a new position in fuboTV during the 4th quarter valued at $3,857,000. Fuller & Thaler Asset Management Inc. acquired a new position in fuboTV during the 4th quarter worth about $14,619,000. SG Americas Securities LLC acquired a new position in fuboTV during the 4th quarter valued at about $842,000. Seven Eight Capital LP acquired a new position in fuboTV during the 4th quarter valued at about $1,052,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of fuboTV in the 4th quarter valued at approximately $3,512,000.
fuboTV Company Profile
fuboTV Inc operates a live TV streaming platform for live sports events, news, and entertainment content in Europe and the United States. Its platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. The company is headquartered in New York, New York.
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