Cantor Fitzgerald Reaffirms Overweight Rating for fuboTV (NYSE:FUBO)

Cantor Fitzgerald restated their overweight rating on shares of fuboTV (NYSE:FUBO) in a report published on Wednesday morning, Benzinga reports. The firm currently has a $2.90 price objective on the stock.

A number of other brokerages have also issued reports on FUBO. Evercore ISI decreased their target price on shares of fuboTV from $3.00 to $2.50 and set an in-line rating for the company in a research report on Monday, March 4th. Roth Mkm decreased their target price on shares of fuboTV from $3.25 to $2.00 and set a neutral rating for the company in a research report on Wednesday, February 7th. Needham & Company LLC decreased their target price on shares of fuboTV from $4.00 to $3.00 and set a buy rating for the company in a research report on Friday, March 1st. Finally, Wedbush reiterated an outperform rating and issued a $5.00 target price on shares of fuboTV in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $3.07.

fuboTV Stock Down 11.6 %

fuboTV stock opened at $1.37 on Wednesday. The company has a 50-day simple moving average of $1.57 and a 200-day simple moving average of $2.36. The firm has a market capitalization of $410.84 million, a P/E ratio of -1.28 and a beta of 2.07. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. fuboTV has a one year low of $1.08 and a one year high of $3.87.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.08. The business had revenue of $410.18 million during the quarter, compared to analyst estimates of $397.37 million. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. As a group, equities analysts expect that fuboTV will post -0.68 earnings per share for the current year.

Insider Buying and Selling at fuboTV

In other fuboTV news, CFO John Janedis sold 18,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is owned by corporate insiders.

Institutional Trading of fuboTV

Hedge funds have recently bought and sold shares of the company. Power Wealth Management LLC purchased a new stake in fuboTV during the fourth quarter valued at about $34,000. DekaBank Deutsche Girozentrale purchased a new stake in fuboTV during the fourth quarter valued at about $36,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in fuboTV during the third quarter valued at about $31,000. Wealthfront Advisers LLC purchased a new stake in fuboTV during the third quarter valued at about $34,000. Finally, Pathstone Family Office LLC lifted its stake in fuboTV by 41.9% during the third quarter. Pathstone Family Office LLC now owns 14,185 shares of the company’s stock valued at $38,000 after buying an additional 4,185 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.