fuboTV Inc. (NYSE:FUBO) Receives Average Recommendation of “Buy” from Analysts


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fuboTV Inc. (NYSE:FUBO) has earned an average rating of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.88.

Several brokerages recently issued reports on FUBO. Zacks Investment Research cut fuboTV from a “hold” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets reduced their price objective on fuboTV from $50.00 to $45.00 in a report on Wednesday, March 3rd. Evercore ISI started coverage on fuboTV in a report on Tuesday. They issued an “outperform” rating and a $30.00 price target for the company. Roth Capital boosted their price target on fuboTV from $36.50 to $55.00 in a report on Tuesday, December 22nd. Finally, Barrington Research initiated coverage on fuboTV in a research report on Thursday, January 21st. They issued an “outperform” rating and a $40.00 price objective for the company.

In related news, CEO David Gandler sold 42,584 shares of fuboTV stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,241,308 shares in the company, valued at $40,044,596.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 27.44% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley acquired a new position in fuboTV in the fourth quarter worth $102,651,000. Caas Capital Management LP acquired a new position in shares of fuboTV during the fourth quarter valued at $69,118,000. Highline Capital Management L.P. acquired a new position in shares of fuboTV during the fourth quarter valued at $64,515,000. Credit Suisse AG acquired a new position in shares of fuboTV during the fourth quarter valued at $60,768,000. Finally, BlackRock Inc. acquired a new position in shares of fuboTV during the fourth quarter valued at $26,787,000.

Shares of FUBO stock traded up $1.43 during midday trading on Thursday, hitting $22.17. The company had a trading volume of 288,412 shares, compared to its average volume of 21,771,051. The company’s 50 day simple moving average is $31.49 and its 200 day simple moving average is $32.30. fuboTV has a 52-week low of $6.80 and a 52-week high of $62.29. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.23 and a quick ratio of 0.23.

fuboTV (NYSE:FUBO) last posted its quarterly 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. fuboTV’s revenue for the quarter was up 97.7% on a year-over-year basis. During the same period in the prior year, the company earned ($1.07) earnings per share. Analysts anticipate that fuboTV will post -6.39 EPS for the current year.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports events, news, and entertainment content in the United States and Europe. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

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Analyst Recommendations for fuboTV (NYSE:FUBO)

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