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fuboTV Inc. (NYSE:FUBO) Receives Average Rating of "Hold" from Analysts
3 months agoUS
fuboTV Inc. (NYSE:FUBO) has been given an average rating of "Hold" by analysts. This article summarizes the recent analyst ratings, insider trading activity, and the company's financial performance to provide a concise overview for investors.
Key Insights
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Analyst Consensus:: Five analysts currently covering fuboTV have a consensus rating of "Hold", comprising 1 sell, 2 hold, and 2 buy recommendations. The average 1-year price target is $3.33.
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CEO Stock Sale:: CEO David Gandler sold 170,279 shares at an average price of $2.55, reducing his holdings by 23.27%. Insiders now own 5.30% of the company's stock.
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Mixed Quarterly Results:: fuboTV's revenue increased by 40% to $1.55 billion, surpassing estimates. However, the company missed EPS estimates, reporting ($0.02) compared to a $0.02 consensus.
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Institutional Ownership:: Approximately 39.31% of fuboTV's stock is owned by hedge funds and other institutional investors.
In-Depth Analysis
fuboTV's recent performance presents a mixed picture. While revenue growth is strong, the EPS miss raises concerns about profitability. The CEO's stock sale may also concern investors, although institutional ownership remains significant. Several analysts have adjusted their ratings and price targets for fuboTV, reflecting differing views on the company's prospects. Wedbush lowered their target price from $5.00 to $3.50 but maintained an "outperform" rating, while Wall Street Zen cut fuboTV from a "hold" to a "sell" rating. Monitor FUBO stock performance and analyst ratings to make informed decisions.
FAQs
What is the average analyst rating for fuboTV?
The consensus rating is "Hold," based on ratings from five analysts.
What was the revenue for the last quarter?
fuboTV reported revenue of $1.55 billion for the quarter, a 40% increase year-over-year.
Did the company meet EPS estimates?
No, fuboTV missed EPS estimates, reporting ($0.02) versus the consensus of $0.02.
Key Takeaways
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fuboTV has a mixed analyst rating, suggesting uncertainty about its future performance.
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Recent insider selling activity may warrant caution.
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Revenue growth is positive, but EPS performance needs improvement.
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Institutional ownership indicates some confidence in the company's potential.
Discussion
What are your thoughts on fuboTV's prospects? Do you think the company can improve its profitability? Share this article with others who need to stay ahead of this trend!
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