Analysts Set FuboTV Inc. (NYSE:FUBO) Target Price at $2.88

Shares of FuboTV Inc. (NYSE:FUBO) have earned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $2.88.

A number of research firms have recently weighed in on FUBO. Barrington Research restated a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Seaport Res Ptn downgraded shares of FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $2.00 price target on shares of FuboTV in a report on Monday, August 19th.

Insider Activity at FuboTV

In other news, Director Neil Glat bought 25,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the purchase, the director now owns 25,000 shares of the company’s stock, valued at $35,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by company insiders.

Institutional Trading of FuboTV

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Algert Global LLC bought a new position in shares of FuboTV during the 2nd quarter worth about $37,000. Public Employees Retirement System of Ohio bought a new position in shares of FuboTV during the 1st quarter worth about $44,000. Arkadios Wealth Advisors bought a new position in FuboTV during the 2nd quarter valued at about $76,000. Canada Pension Plan Investment Board bought a new position in FuboTV during the 2nd quarter valued at about $92,000. Finally, Precision Wealth Strategies LLC bought a new position in FuboTV during the 1st quarter valued at about $93,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

FuboTV Trading Up 5.9 %

FuboTV stock opened at $1.62 on Thursday. The stock has a market capitalization of $533.53 million, a PE ratio of -2.03 and a beta of 1.79. FuboTV has a 12-month low of $1.10 and a 12-month high of $3.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $1.42.

FuboTV (NYSE:FUBO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. The firm had revenue of $389.22 million during the quarter, compared to analysts’ expectations of $369.47 million. As a group, equities research analysts expect that FuboTV will post -0.51 EPS for the current fiscal year.

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.