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 ten ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.8333.

A number of equities research analysts have issued reports on the company. Wall Street Zen lowered fuboTV from a “hold” rating to a “sell” rating in a research report on Sunday, June 21st. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Wedbush cut their target price on shares of fuboTV from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Citigroup reaffirmed a “market outperform” rating on shares of fuboTV in a report on Thursday, June 11th. Finally, Evercore began coverage on shares of fuboTV in a research note on Friday, May 1st. They issued an “outperform” rating and a $18.00 price target for the company.

fuboTV Stock Performance

NYSE:FUBO opened at $9.47 on Friday. fuboTV has a 52 week low of $7.95 and a 52 week high of $56.64. The company has a fifty day simple moving average of $9.88 and a two-hundred day simple moving average of $16.34. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. The company has a market cap of $278.80 million, a price-to-earnings ratio of -7.45 and a beta of 2.38.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.28. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.The company’s revenue for the quarter was up 278.1% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. As a group, equities analysts anticipate that fuboTV will post -0.29 earnings per share for the current fiscal year.

Insider Activity at fuboTV

In other news, COO Alberto Horihuela sold 141,074 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $10.38, for a total value of $1,464,348.12. Following the sale, the chief operating officer directly owned 141,074 shares in the company, valued at approximately $1,464,348.12. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On fuboTV

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hurley Capital LLC acquired a new position in shares of fuboTV during the 4th quarter worth about $25,000. Concurrent Investment Advisors LLC acquired a new stake in shares of fuboTV during the 4th quarter worth about $26,000. Focus Partners Wealth acquired a new stake in shares of fuboTV during the 1st quarter worth about $30,000. First Trust Advisors LP purchased a new stake in fuboTV during the second quarter worth approximately $44,000. Finally, Ground Swell Capital LLC purchased a new stake in fuboTV during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.