FuboTV Inc. (NYSE:FUBO – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $1.67, but opened at $1.72. FuboTV shares last traded at $1.74, with a volume of 2,455,958 shares.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on FUBO. Seaport Res Ptn cut FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a research note on Monday, August 19th. Wedbush restated an “outperform” rating and set a $5.00 price target on shares of FuboTV in a research report on Wednesday, May 1st. Cantor Fitzgerald restated an “overweight” rating and set a $2.90 price objective on shares of FuboTV in a report on Wednesday, May 1st. Finally, Barrington Research reissued a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.88.
FuboTV Stock Performance
The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $500.80 million, a PE ratio of -1.87 and a beta of 1.78. The company has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $1.47.
FuboTV (NYSE:FUBO – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $389.22 million during the quarter, compared to analyst estimates of $369.47 million. FuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. Analysts predict that FuboTV Inc. will post -0.63 EPS for the current fiscal year.
Insider Activity
In other news, Director Neil Glat acquired 25,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $35,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.00% of the company’s stock.
Institutional Trading of FuboTV
Several institutional investors have recently added to or reduced their stakes in the business. Power Wealth Management LLC bought a new stake in shares of FuboTV during the 4th quarter valued at about $34,000. PFG Investments LLC bought a new stake in FuboTV during the 1st quarter valued at approximately $27,000. AJOVista LLC bought a new position in shares of FuboTV in the 4th quarter worth approximately $84,000. Public Employees Retirement System of Ohio purchased a new position in shares of FuboTV in the 1st quarter valued at approximately $44,000. Finally, Algert Global LLC bought a new stake in shares of FuboTV during the second quarter valued at approximately $37,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.
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.