fuboTV (NYSE:FUBO) Receives “Overweight” Rating from Cantor Fitzgerald

fuboTV (NYSE:FUBO)‘s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They presently have a $2.90 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 110.91% from the company’s previous close.

A number of other research firms have also recently issued reports on FUBO. Wedbush restated an “outperform” rating and set a $5.00 price objective on shares of fuboTV in a report on Thursday, April 25th. Evercore ISI cut their price target on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a report on Monday, March 4th. Roth Mkm decreased their price objective on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Finally, Needham & Company LLC dropped their target price 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3.07.

fuboTV Trading Down 11.3 %

NYSE FUBO traded down $0.18 on Wednesday, hitting $1.38. 31,934,702 shares of the stock were exchanged, compared to its average volume of 10,549,659. fuboTV has a 52-week low of $1.08 and a 52-week high of $3.87. The firm has a market capitalization of $412.34 million, a P/E ratio of -1.29 and a beta of 2.07. 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 stock has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $2.37.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $397.37 million. Research analysts forecast that fuboTV will post -0.68 EPS for the current fiscal year.

Insider Activity

In other news, CFO John Janedis sold 22,342 shares of fuboTV 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 transaction, the chief financial officer now owns 48,413 shares of the company’s stock, valued at approximately $91,500.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On fuboTV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank acquired a new position in fuboTV in the 3rd quarter worth approximately $1,713,000. Aptus Capital Advisors LLC purchased a new stake in shares of fuboTV in the 3rd quarter valued at $1,418,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of fuboTV in the fourth quarter worth $833,000. Charles Schwab Investment Management Inc. raised its holdings in shares of fuboTV by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,236,601 shares of the company’s stock worth $5,972,000 after purchasing an additional 252,361 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in 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 purchasing an additional 170,542 shares during the period. 39.31% of the stock is currently owned by hedge funds and other 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.