Wedbush reissued their outperform rating on shares of fuboTV (NYSE:FUBO – Free Report) in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a $5.00 price objective on the stock.
Several other equities research analysts have also commented on the stock. Evercore ISI decreased their target price on shares of fuboTV from $3.00 to $2.50 and set an in-line rating on the stock in a research report on Monday, March 4th. Needham & Company LLC dropped their price objective on shares of fuboTV from $4.00 to $3.00 and set a buy rating for the company in a research note on Friday, March 1st. Finally, Roth Mkm dropped their price target on fuboTV from $3.25 to $2.00 and set a neutral rating on the stock in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $3.42.
fuboTV Stock Performance
Shares of fuboTV stock traded down $0.01 during trading on Thursday, reaching $1.37. The company’s stock had a trading volume of 3,335,200 shares, compared to its average volume of 10,512,363. The company has a 50-day moving average price of $1.65 and a two-hundred day moving average price of $2.41. fuboTV has a fifty-two week low of $1.03 and a fifty-two week high of $3.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.38. The firm has a market cap of $410.32 million, a PE ratio of -1.28 and a beta of 1.99.
fuboTV (NYSE:FUBO – Get Free Report) last posted its quarterly earnings data on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The firm had revenue of $410.18 million for the quarter, compared to analyst estimates of $397.37 million. On average, analysts forecast that fuboTV will post -0.68 EPS for the current year.
Insider Buying and Selling
In other fuboTV news, CFO John Janedis sold 18,000 shares of fuboTV stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.70% of the company’s stock.
Institutional Trading of fuboTV
A number of large investors have recently bought and sold shares of the stock. Swiss National Bank acquired a new position in fuboTV in the third quarter worth $1,713,000. Aptus Capital Advisors LLC acquired a new position in fuboTV in the third quarter valued at about $1,418,000. Dynamic Technology Lab Private Ltd acquired a new position in fuboTV in the fourth quarter valued at about $833,000. Charles Schwab Investment Management Inc. increased its holdings in shares of fuboTV by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,236,601 shares of the company’s stock worth $5,972,000 after acquiring an additional 252,361 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of fuboTV by 1,536.3% in the third quarter. SG Americas Securities LLC now owns 181,643 shares of the company’s stock worth $485,000 after acquiring an additional 170,542 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors.
fuboTV Company Profile
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.