fuboTV Inc. (NYSE:FUBO) Stock Has Consensus Target Price of $16.83 According to Analysts

fuboTV Inc. (NYSE:FUBO) has been given an average rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $16.83.

Several brokerages have recently commented on FUBO. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of fuboTV in a research report on Friday, June 12th. Zacks Research lowered shares of fuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Citigroup reaffirmed a “market outperform” rating on shares of fuboTV in a research note on Thursday, June 11th. Wall Street Zen lowered shares of fuboTV from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $15.00 target price on shares of fuboTV in a research report on Thursday, June 11th.

fuboTV Stock Up 0.8%

NYSE:FUBO opened at $9.71 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00. fuboTV has a 52-week low of $7.95 and a 52-week high of $52.68. The company has a market cap of $293.12 million, a price-to-earnings ratio of -7.58 and a beta of 2.41. The stock’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $10.62.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. fuboTV had a negative return on equity of 7.67% and a negative net margin of 0.71%.The company’s revenue was up 38.0% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. On average, analysts anticipate that fuboTV will post -0.29 EPS for the current year.

Institutional Investors Weigh In On fuboTV

A number of institutional investors have recently made changes to their positions in FUBO. Mudrick Capital Management L.P. bought a new position in fuboTV in the second quarter valued at approximately $12,387,000. State Street Corp bought a new stake in shares of fuboTV during the second quarter worth $5,756,000. Pacer Advisors Inc. raised its holdings in shares of fuboTV by 33.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company’s stock worth $4,666,000 after acquiring an additional 464,607 shares during the period. Virtu Financial LLC acquired a new stake in shares of fuboTV during the fourth quarter worth $802,000. Finally, HighTower Advisors LLC bought a new stake in fuboTV in the 2nd quarter valued at $775,000. 39.31% of the stock is owned by institutional investors and hedge funds.

fuboTV Company Profile

fuboTV Inc is a sports-focused live television streaming company that provides subscribers with access to live sports, news and entertainment programming over the internet. Its service is designed as an alternative to traditional pay television, allowing customers to stream programming on connected televisions, mobile devices, computers and other supported platforms.

The company’s offerings generally include packages of live television channels, sports networks and regional programming, along with features such as cloud-based digital video recording and multiview capabilities.