Brokerages Set fuboTV Inc. (NYSE:FUBO) Price Target at $3.42

fuboTV Inc. (NYSE:FUBO) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $3.42.

FUBO has been the topic of a number of research reports. Roth Mkm decreased their price target on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Evercore ISI decreased their price target on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a research note on Monday, March 4th. Wedbush reiterated an “outperform” rating and issued a $5.00 price target on shares of fuboTV in a research note on Monday, March 4th. Finally, Needham & Company LLC decreased their price target on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, March 1st.

Insider Buying and Selling at fuboTV

In other fuboTV news, CFO John Janedis sold 22,342 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.89, for a total value of $42,226.38. Following the sale, the chief financial officer now owns 48,413 shares in the company, valued at $91,500.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On fuboTV

A number of hedge funds have recently modified their holdings of FUBO. SG Americas Securities LLC raised its stake in fuboTV by 1,536.3% during the third quarter. SG Americas Securities LLC now owns 181,643 shares of the company’s stock worth $485,000 after buying an additional 170,542 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in fuboTV by 13.5% during the third quarter. Commonwealth Equity Services LLC now owns 45,934 shares of the company’s stock worth $123,000 after buying an additional 5,450 shares during the last quarter. Xponance Inc. raised its stake in fuboTV by 43.6% during the third quarter. Xponance Inc. now owns 16,906 shares of the company’s stock worth $45,000 after buying an additional 5,135 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in fuboTV by 12.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 75,107 shares of the company’s stock worth $201,000 after buying an additional 8,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in fuboTV by 15.8% during the third quarter. Bank of New York Mellon Corp now owns 1,049,598 shares of the company’s stock worth $2,802,000 after buying an additional 143,410 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Price Performance

Shares of FUBO stock opened at $1.34 on Thursday. fuboTV has a 12-month low of $1.03 and a 12-month high of $3.87. The firm has a market capitalization of $401.33 million, a price-to-earnings ratio of -1.25 and a beta of 1.99. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The firm has a fifty day moving average of $1.67 and a 200-day moving average of $2.42.

fuboTV (NYSE:FUBO) last issued 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. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The firm had revenue of $410.18 million for the quarter, compared to analysts’ expectations of $397.37 million. On average, equities research analysts forecast that fuboTV will post -0.68 earnings per share for the current 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.