fuboTV (NYSE:FUBO) Trading Up 6.8%

fuboTV Inc. (NYSE:FUBO) shares were up 6.8% during trading on Thursday . The company traded as high as $29.08 and last traded at $29.08. Approximately 100,980 shares changed hands during trading, a decline of 98% from the average daily volume of 4,695,295 shares. The stock had previously closed at $27.24.

A number of research analysts have commented on FUBO shares. Zacks Investment Research cut fuboTV from a “hold” rating to a “sell” rating in a research note on Tuesday. Evercore ISI boosted their price objective on fuboTV from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 11th. Roth Capital boosted their price objective on fuboTV from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 11th. Needham & Company LLC began coverage on fuboTV in a research note on Thursday, July 1st. They set a “buy” rating and a $60.00 price objective on the stock. Finally, BMO Capital Markets lifted their target price on fuboTV from $25.00 to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $40.56.

The firm has a market capitalization of $3.97 billion, a PE ratio of -2.93 and a beta of 2.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a 50-day moving average price of $26.93 and a 200-day moving average price of $25.41.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Tuesday, August 10th. The company reported ($0.38) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.49) by $0.11. The firm had revenue of $130.90 million during the quarter, compared to analyst estimates of $121.43 million. fuboTV had a negative return on equity of 66.67% and a negative net margin of 145.60%. fuboTV’s quarterly revenue was up 196.2% on a year-over-year basis. As a group, equities research analysts predict that fuboTV Inc. will post -2.55 earnings per share for the current fiscal year.

In related news, CMO Alberto Horihuela sold 75,000 shares of the business’s stock in a transaction dated Wednesday, August 11th. The stock was sold at an average price of $33.00, for a total value of $2,475,000.00. Following the completion of the sale, the chief marketing officer now directly owns 1,150,306 shares of the company’s stock, valued at $37,960,098. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 13.20% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of fuboTV by 40.9% during the second quarter. Vanguard Group Inc. now owns 10,658,315 shares of the company’s stock valued at $342,239,000 after purchasing an additional 3,095,688 shares during the last quarter. BlackRock Inc. grew its holdings in shares of fuboTV by 701.6% during the second quarter. BlackRock Inc. now owns 8,770,585 shares of the company’s stock valued at $281,624,000 after purchasing an additional 7,676,428 shares during the last quarter. FMR LLC grew its holdings in shares of fuboTV by 76.4% during the second quarter. FMR LLC now owns 2,444,624 shares of the company’s stock valued at $78,496,000 after purchasing an additional 1,058,665 shares during the last quarter. State Street Corp grew its holdings in shares of fuboTV by 2,003.4% during the second quarter. State Street Corp now owns 2,421,829 shares of the company’s stock valued at $77,765,000 after purchasing an additional 2,306,692 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC grew its holdings in shares of fuboTV by 118.2% during the second quarter. Zevenbergen Capital Investments LLC now owns 2,107,066 shares of the company’s stock valued at $67,658,000 after purchasing an additional 1,141,339 shares during the last quarter. 37.69% of the stock is owned by institutional investors.

About fuboTV (NYSE:FUBO)

fuboTV, Inc operates as a digital entertainment company. It focuses on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.

Featured Article: What is the significance of the death cross?

Receive News & Ratings for fuboTV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for fuboTV and related companies with MarketBeat.com's FREE daily email newsletter.