fuboTV (NYSE:FUBO) Price Target Lowered to $2.00 at Needham & Company LLC

fuboTV (NYSE:FUBO) had its target price reduced by stock analysts at Needham & Company LLC from $3.00 to $2.00 in a research report issued to clients and investors on Friday, Briefing.com reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 52.67% from the company’s current price.

Several other research firms have also recently commented on FUBO. Wedbush reissued an “outperform” rating and set a $5.00 target price on shares of fuboTV in a research note on Wednesday, May 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2.90 target price on shares of fuboTV in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, fuboTV currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.90.

fuboTV Stock Performance

Shares of FUBO opened at $1.31 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.63 and a quick ratio of 0.63. fuboTV has a 12-month low of $1.10 and a 12-month high of $3.87. The business’s fifty day moving average price is $1.28 and its 200 day moving average price is $1.85. The stock has a market capitalization of $392.84 million, a PE ratio of -1.47 and a beta of 1.78.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Friday, May 3rd. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. fuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. The business had revenue of $402.35 million during the quarter, compared to the consensus estimate of $381.95 million. Equities research analysts forecast that fuboTV will post -0.63 EPS for the current year.

Hedge Funds Weigh In On fuboTV

A number of large investors have recently made changes to their positions in the business. Power Wealth Management LLC purchased a new stake in fuboTV in the 4th quarter worth approximately $34,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of fuboTV during the fourth quarter worth $36,000. PFG Investments LLC purchased a new position in fuboTV in the first quarter valued at about $27,000. AJOVista LLC purchased a new stake in shares of fuboTV during the 4th quarter worth about $84,000. Finally, Public Employees Retirement System of Ohio bought a new position in fuboTV during the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.