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

FuboTV Inc. (NYSE:FUBO) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.88.

FUBO has been the topic of a number of research reports. Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Needham & Company LLC reissued a “buy” rating and set a $2.00 price objective on shares of FuboTV in a research report on Monday, August 19th. Finally, Barrington Research restated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th.

Insider Buying and Selling at FuboTV

In other news, Director Neil Glat purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $1.42 per share, with a total value of $35,500.00. Following the completion of the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $35,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FUBO. Marshall Wace LLP boosted its position in shares of FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after purchasing an additional 4,461,707 shares in the last quarter. Millennium Management LLC boosted its holdings in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after buying an additional 2,742,780 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in FuboTV by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,259,363 shares of the company’s stock worth $7,185,000 after buying an additional 22,762 shares during the period. Quadrature Capital Ltd increased its holdings in FuboTV by 528.5% in the first quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company’s stock valued at $1,882,000 after buying an additional 1,005,002 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in FuboTV by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after buying an additional 127,978 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Trading Down 3.6 %

Shares of FuboTV stock opened at $1.63 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.44. The stock has a market cap of $488.80 million, a price-to-earnings ratio of -1.83 and a beta of 1.81. FuboTV has a 12-month low of $1.10 and a 12-month high of $3.82.

FuboTV (NYSE:FUBO) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06. The company had revenue of $389.22 million during the quarter, compared to the consensus estimate of $369.47 million. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. On average, equities analysts forecast 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.