fuboTV Inc. (NYSE:FUBO) Given Average Rating of “Moderate Buy” by Brokerages

fuboTV Inc. (NYSE:FUBO) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $3.07.

FUBO has been the topic of a number of recent research reports. Evercore ISI lowered their price objective on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a report on Monday, March 4th. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of fuboTV in a research report on Monday, May 6th. Wedbush reaffirmed an “outperform” rating and set a $5.00 price objective on shares of fuboTV in a research report on Wednesday, May 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $2.90 target price on shares of fuboTV in a research note on Wednesday, May 1st.

fuboTV Stock Up 2.0 %

Shares of NYSE FUBO opened at $1.27 on Tuesday. The firm’s 50-day moving average is $1.28 and its 200-day moving average is $1.87. fuboTV has a 1 year low of $1.10 and a 1 year high of $3.87. The firm has a market capitalization of $379.35 million, a PE ratio of -1.42 and a beta of 1.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.61.

fuboTV (NYSE:FUBO) last announced its earnings results on Friday, May 3rd. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. The firm had revenue of $402.35 million for the quarter, compared to the consensus estimate of $381.95 million. fuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. Equities analysts expect that fuboTV will post -0.63 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in fuboTV by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,259,363 shares of the company’s stock valued at $7,185,000 after purchasing an additional 22,762 shares during the period. Quadrature Capital Ltd raised its stake in fuboTV by 528.5% in the 1st quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company’s stock valued at $1,882,000 after acquiring an additional 1,005,002 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in fuboTV in the 1st quarter valued at about $618,000. Dynamic Technology Lab Private Ltd purchased a new position in fuboTV during the 4th quarter valued at about $833,000. Finally, SG Americas Securities LLC grew its holdings in fuboTV by 26.7% during the 4th quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock valued at $732,000 after buying an additional 48,431 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

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.