FuboTV Inc. (NYSE:FUBO) Given Average Recommendation of "Hold" by Analysts

FuboTV Inc. (NYSE:FUBO - Get Free Report) has been given a consensus rating of "Hold" by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $2.88.

A number of research analysts have commented on the company. Barrington Research restated a "market perform" rating on shares of FuboTV in a research note on Tuesday, August 20th. Needham & Company LLC reissued a "buy" rating and set a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Finally, Seaport Res Ptn cut FuboTV from a "strong-buy" rating to a "hold" rating in a report on Monday, August 19th.

Insider Transactions at FuboTV

In related news, Director Neil Glat bought 25,000 shares of the company's stock in a transaction dated Friday, August 16th. The stock was bought at an average price of $1.42 per share, with a total value of $35,500.00. Following the transaction, the director now owns 25,000 shares of the company's stock, valued at approximately $35,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 7.00% of the company's stock.

Hedge Funds Weigh In On FuboTV

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in FuboTV by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company's stock valued at $291,000 after acquiring an additional 9,229 shares during the period. Arkadios Wealth Advisors boosted its position in FuboTV by 19.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company's stock valued at $105,000 after purchasing an additional 12,000 shares during the period. United Advisor Group LLC bought a new position in FuboTV during the 3rd quarter worth $26,000. Hibernia Wealth Partners LLC acquired a new stake in FuboTV in the third quarter worth $27,000. Finally, Public Employees Retirement System of Ohio bought a new stake in FuboTV in the first quarter valued at $44,000. 39.31% of the stock is currently owned by institutional investors.

FuboTV Trading Down 4.6 %

Shares of NYSE:FUBO traded down $0.07 during trading on Monday, reaching $1.45. 11,675,699 shares of the stock were exchanged, compared to its average volume of 10,544,896. The firm's 50-day moving average price is $1.59 and its 200 day moving average price is $1.44. The firm has a market cap of $477.54 million, a price-to-earnings ratio of -1.81 and a beta of 1.76. FuboTV has a 12-month low of $1.10 and a 12-month high of $3.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.60 and a current ratio of 0.60.

FuboTV (NYSE:FUBO - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. The company had revenue of $389.22 million during the quarter, compared to analyst estimates of $369.47 million. On average, sell-side analysts anticipate that FuboTV will post -0.51 earnings per share 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.