fuboTV (NYSE:FUBO) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of fuboTV (NYSE:FUBO) in a research note issued to investors on Monday, Benzinga reports. They currently have a $3.00 price objective on the stock.

Several other research firms have also recently weighed in on FUBO. Cantor Fitzgerald restated an overweight rating and issued a $2.90 price objective on shares of fuboTV in a research report on Wednesday, May 1st. Wedbush restated an outperform rating and set a $5.00 target price on shares of fuboTV in a research report on Wednesday, May 1st. Evercore ISI cut their price target on fuboTV from $3.00 to $2.50 and set an in-line rating on the stock in a research note on Monday, March 4th. Finally, Roth Mkm lowered their price objective on fuboTV from $3.25 to $2.00 and set a neutral rating for the company in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $3.07.

fuboTV Stock Performance

Shares of NYSE:FUBO opened at $1.32 on Monday. The business has a fifty day moving average of $1.53 and a 200-day moving average of $2.33. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. fuboTV has a twelve month low of $1.20 and a twelve month high of $3.87. The firm has a market cap of $395.84 million, a PE ratio of -1.38 and a beta of 2.07.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Friday, March 1st. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.08. fuboTV had a negative net margin of 17.97% and a negative return on equity of 66.53%. The firm had revenue of $410.18 million for the quarter, compared to analyst estimates of $397.37 million. On average, equities research analysts predict that fuboTV will post -0.68 EPS for the current fiscal year.

Insider Buying and Selling at fuboTV

In other fuboTV news, CFO John Janedis sold 22,342 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.89, for a total value of $42,226.38. Following the transaction, the chief financial officer now owns 48,413 shares of the company’s stock, valued at $91,500.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On fuboTV

Hedge funds have recently bought and sold shares of the company. Pathstone Family Office LLC grew its holdings in shares of fuboTV by 41.9% in the 3rd quarter. Pathstone Family Office LLC now owns 14,185 shares of the company’s stock valued at $38,000 after buying an additional 4,185 shares during the period. Amalgamated Bank lifted its holdings in fuboTV by 23.6% during the third quarter. Amalgamated Bank now owns 23,497 shares of the company’s stock worth $63,000 after acquiring an additional 4,489 shares in the last quarter. Private Advisor Group LLC grew its stake in fuboTV by 17.9% in the third quarter. Private Advisor Group LLC now owns 31,690 shares of the company’s stock valued at $85,000 after acquiring an additional 4,809 shares during the period. First Heartland Consultants Inc. increased its holdings in shares of fuboTV by 30.1% in the third quarter. First Heartland Consultants Inc. now owns 20,974 shares of the company’s stock worth $56,000 after acquiring an additional 4,853 shares in the last quarter. Finally, Xponance Inc. raised its position in shares of fuboTV by 43.6% during the third quarter. Xponance Inc. now owns 16,906 shares of the company’s stock worth $45,000 after purchasing an additional 5,135 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

About fuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.