fuboTV Inc. [FUBO] attracts people because of its fundamentals

fuboTV Inc. (NYSE:FUBO) shares traded -1.61% lower at $2.44 on Wall Street last session.

In accordance with the data, 8 analysts cover fuboTV Inc. (NYSE:FUBO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $3.00, we find $3.00. Given the previous closing price of $2.48, this indicates a potential upside of 20.97 percent. FUBO stock price is now 2.16% away from the 50-day moving average and 14.38% away from the 200-day moving average. The market capitalization of the company currently stands at $713.90M.

It has been rated a hold by 5 analysts and a buy by 2. Brokers who have rated the stock have averaged $3.60 as their price target over the next twelve months.

With the price target reduced from $6 to $3, Evercore ISI Downgraded its rating from Outperform to In-line for fuboTV Inc. (NYSE: FUBO).

In other news, Horihuela Alberto, Chief Growth Officer sold 78,564 shares of the company’s stock on Mar 24. The stock was sold for $87,206 at an average price of $1.11. Upon completion of the transaction, the Chief Growth Officer now directly owns 1,360,718 shares in the company, valued at $3.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22, Chief Financial Officer Janedis John bought 8,000 shares of the business’s stock. A total of $9,759 was incurred on buying the stock at an average price of $1.22. This leaves the insider owning 18,000 shares of the company worth $43920.0. Insiders disposed of 192,556 shares of company stock worth roughly $0.47 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in FUBO stock. A new stake in fuboTV Inc. shares was purchased by D. E. SHAW & CO., INC. during the first quarter worth $10,446,000. NOMURA HOLDINGS INC invested $950,000 in shares of FUBO during the first quarter. In the first quarter, NATIXIS acquired a new stake in fuboTV Inc. valued at approximately $416,000. QUANTBOT TECHNOLOGIES LP acquired a new stake in FUBO for approximately $377,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in FUBO valued at around $289,000 in the second quarter. In total, there are 254 active investors with 38.30% ownership of the company’s stock.

fuboTV Inc. (NYSE: FUBO) opened at $2.4500 on Monday. During the past 12 months, fuboTV Inc. has had a low of $0.96 and a high of $8.14. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for FUBO is $2.4052 and a two-hundred day moving average price translates $2.1267 for the stock.

The latest earnings results from fuboTV Inc. (NYSE: FUBO) was released for Jun, 2023. According to the Broadcasting Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.31 by 0.14. This compares to -$0.12 EPS in the same period last year. The net profit margin was -37.10% and return on equity was -99.80% for FUBO. The company reported revenue of $312.74 million for the quarter, compared to $222.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.83 percent. For the current quarter, analysts expect FUBO to generate $284.33M in revenue.

fuboTV Inc.(FUBO) Company Profile

fuboTV Inc. operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.