fuboTV (NYSE:FUBO) Stock Rating Reaffirmed by Needham & Company LLC

fuboTV (NYSE:FUBO)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a note issued to investors on Monday, Benzinga reports. They presently have a $3.00 price target on the stock. Needham & Company LLC’s price objective indicates a potential upside of 129.01% from the company’s current price.

A number of other brokerages also recently issued reports on FUBO. Wedbush reissued an “outperform” rating and set a $5.00 price target on shares of fuboTV in a research report on Wednesday, May 1st. Evercore ISI reduced their price target on fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a research report on Monday, March 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $2.90 price target on shares of fuboTV in a research report on Wednesday, May 1st. Finally, Roth Mkm reduced their price target on fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, fuboTV has an average rating of “Moderate Buy” and an average price target of $3.07.

fuboTV Price Performance

fuboTV stock opened at $1.31 on Monday. fuboTV has a 12 month low of $1.20 and a 12 month high of $3.87. The stock’s 50 day moving average is $1.56 and its 200-day moving average is $2.35. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $392.84 million, a price-to-earnings ratio of -1.47 and a beta of 2.07.

fuboTV (NYSE:FUBO) last posted its earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.08. fuboTV had a negative return on equity of 66.53% and a negative net margin of 17.97%. The company had revenue of $410.18 million for the quarter, compared to the consensus estimate of $397.37 million. Equities research analysts expect that fuboTV will post -0.68 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FUBO. Swiss National Bank acquired a new stake in fuboTV during the 3rd quarter worth about $1,713,000. Quadrature Capital Ltd grew its holdings in fuboTV by 29.8% during the 3rd quarter. Quadrature Capital Ltd now owns 77,800 shares of the company’s stock worth $209,000 after acquiring an additional 17,855 shares during the period. SG Americas Securities LLC grew its holdings in fuboTV by 26.7% during the 4th quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock worth $732,000 after acquiring an additional 48,431 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in fuboTV during the 4th quarter worth about $36,000. Finally, Aptus Capital Advisors LLC acquired a new stake in fuboTV during the 3rd quarter worth about $1,418,000. 39.31% of the stock is currently owned by 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.