Equities researchers at Evercore ISI initiated coverage on shares of fuboTV (NYSE:FUBO) in a note issued to investors on Tuesday, FinViz reports. The firm set an "outperform" rating and a $30.00 price target on the stock. Evercore ISI's target price points to a potential upside of 44.65% from the company's current price.
Several other research analysts also recently weighed in on FUBO. Oppenheimer dropped their target price on shares of fuboTV from $45.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, March 15th. Roth Capital boosted their target price on shares of fuboTV from $36.50 to $55.00 in a research note on Tuesday, December 22nd. BMO Capital Markets decreased their target price on fuboTV from $50.00 to $45.00 in a research report on Wednesday, March 3rd. Wedbush upped their price target on fuboTV from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, February 1st. Finally, Barrington Research began coverage on fuboTV in a research report on Thursday, January 21st. They set an "outperform" rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus price target of $43.33.
Shares of NYSE:FUBO traded down $1.63 on Tuesday, reaching $20.74. 15,695,239 shares of the company traded hands, compared to its average volume of 21,771,051. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $2.91 billion, a PE ratio of -1.53 and a beta of 2.64. The company's 50 day moving average is $31.49 and its 200-day moving average is $32.30. fuboTV has a fifty-two week low of $6.80 and a fifty-two week high of $62.29.
fuboTV (NYSE:FUBO) last announced its earnings results on Monday, March 1st. The company reported ($2.29) EPS for the quarter, missing the consensus estimate of ($0.53) by ($1.76). The firm had revenue of $105.08 million during the quarter, compared to analyst estimates of $93.94 million. The firm's revenue was up 97.7% compared to the same quarter last year. During the same period last year, the company posted ($1.07) earnings per share. As a group, analysts expect that fuboTV will post -6.39 EPS for the current year.
In related news, CEO David Gandler sold 42,584 shares of fuboTV stock in a transaction on Thursday, March 4th. The stock was sold at an average price of $32.26, for a total transaction of $1,373,759.84. Following the completion of the sale, the chief executive officer now owns 1,241,308 shares of the company's stock, valued at $40,044,596.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 27.44% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. bought a new stake in fuboTV in the fourth quarter worth $25,000. Albion Financial Group UT bought a new position in fuboTV during the fourth quarter valued at about $28,000. Parallel Advisors LLC bought a new stake in shares of fuboTV during the 4th quarter worth about $30,000. IFP Advisors Inc acquired a new position in shares of fuboTV during the 4th quarter valued at about $32,000. Finally, Advisory Services Network LLC bought a new position in shares of fuboTV in the 4th quarter valued at approximately $72,000.
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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