fuboTV (NYSE:FUBO) Rating Reiterated by Cantor Fitzgerald

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

Other equities analysts have also recently issued reports about the company. Wedbush reiterated an “outperform” rating and issued a $5.00 price target on shares of fuboTV in a research report on Thursday, April 25th. Needham & Company LLC decreased their price target on fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Evercore ISI lowered 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. Finally, Roth Mkm decreased their target price on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.07.

fuboTV Stock Performance

fuboTV stock traded down $0.18 during midday trading on Wednesday, reaching $1.38. The stock had a trading volume of 31,934,702 shares, compared to its average volume of 10,549,659. 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 market capitalization of $412.34 million, a PE ratio of -1.29 and a beta of 2.07. fuboTV has a 12 month low of $1.08 and a 12 month high of $3.87. The firm’s 50-day moving average price is $1.57 and its 200 day moving average price is $2.37.

fuboTV (NYSE:FUBO) last announced its quarterly earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, beating 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 company had revenue of $410.18 million for the quarter, compared to analysts’ expectations of $397.37 million. As a group, research analysts predict that fuboTV will post -0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO John Janedis sold 18,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were 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 SEC, which is available at the SEC website. 6.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On fuboTV

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Precision Wealth Strategies LLC purchased a new stake in shares of fuboTV in the 1st quarter valued at $93,000. PFG Investments LLC purchased a new stake in fuboTV during the first quarter valued at about $27,000. Quadrature Capital Ltd grew its stake in shares of fuboTV by 144.4% during the fourth quarter. Quadrature Capital Ltd now owns 190,161 shares of the company’s stock valued at $605,000 after buying an additional 112,361 shares during the last quarter. Capstone Investment Advisors LLC grew its stake in shares of fuboTV by 15.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock valued at $376,000 after buying an additional 15,666 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of fuboTV in the fourth quarter worth about $833,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.