fuboTV’s (FUBO) “Buy” Rating Reiterated at Needham & Company LLC

fuboTV (NYSE:FUBO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued on Monday, Benzinga reports. They presently have a $3.00 price target on the stock. Needham & Company LLC’s target price would suggest a potential upside of 118.98% from the company’s current price.

Several other research analysts have also commented on the stock. Evercore ISI decreased their price target on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a report on Monday, March 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $2.90 target price on shares of fuboTV in a research note on Wednesday, May 1st. Roth Mkm reduced their target price on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Finally, Wedbush reissued an “outperform” rating and set a $5.00 target price on shares of fuboTV in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.07.

fuboTV Trading Down 11.6 %

NYSE FUBO opened at $1.37 on Monday. fuboTV has a one year low of $1.08 and a one year high of $3.87. The company has a 50-day simple moving average of $1.57 and a 200-day simple moving average of $2.35. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $410.84 million, a PE ratio of -1.54 and a beta of 2.07.

fuboTV (NYSE:FUBO) last posted its quarterly 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 net margin of 17.97% and a negative return on equity of 66.53%. The business had revenue of $410.18 million during the quarter, compared to analyst estimates of $397.37 million. On average, equities analysts forecast that fuboTV will post -0.68 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John Janedis sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On fuboTV

A number of large investors have recently made changes to their positions in FUBO. SG Americas Securities LLC raised its holdings in shares of fuboTV by 1,536.3% during the third quarter. SG Americas Securities LLC now owns 181,643 shares of the company’s stock valued at $485,000 after acquiring an additional 170,542 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of fuboTV by 13.5% during the third quarter. Commonwealth Equity Services LLC now owns 45,934 shares of the company’s stock valued at $123,000 after acquiring an additional 5,450 shares during the period. Xponance Inc. raised its holdings in shares of fuboTV by 43.6% during the third quarter. Xponance Inc. now owns 16,906 shares of the company’s stock valued at $45,000 after acquiring an additional 5,135 shares during the period. Raymond James Financial Services Advisors Inc. grew its position 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 valued at $201,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 valued at $2,802,000 after purchasing an additional 143,410 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.