FY2021 EPS Estimates for fuboTV Inc. Reduced by Wedbush (NYSE:FUBO)

fuboTV Inc. (NYSE:FUBO) – Research analysts at Wedbush decreased their FY2021 EPS estimates for shares of fuboTV in a research note issued on Monday, January 10th. Wedbush analyst M. Pachter now anticipates that the company will post earnings per share of ($2.46) for the year, down from their prior estimate of ($2.45). Wedbush also issued estimates for fuboTV’s FY2023 earnings at ($1.99) EPS.

fuboTV (NYSE:FUBO) last released its quarterly earnings data on Tuesday, November 9th. The company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.06. fuboTV had a negative return on equity of 48.14% and a negative net margin of 85.46%. The company had revenue of $156.69 million during the quarter, compared to the consensus estimate of $143.49 million.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. assumed coverage on fuboTV in a research report on Thursday, December 9th. They issued an “overweight” rating and a $28.00 target price on the stock. Barrington Research cut fuboTV from an “outperform” rating to a “market perform” rating in a research report on Monday, November 15th. Roth Capital dropped their target price on fuboTV from $45.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, December 28th. Zacks Investment Research cut fuboTV from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, BTIG Research assumed coverage on fuboTV in a research report on Wednesday, October 27th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $33.11.

NYSE FUBO opened at $13.12 on Thursday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -2.93 and a beta of 2.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a 50-day moving average of $18.83 and a 200 day moving average of $24.67. fuboTV has a one year low of $12.67 and a one year high of $57.47.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in fuboTV by 40.9% in the 2nd quarter. Vanguard Group Inc. now owns 10,658,315 shares of the company’s stock worth $342,239,000 after purchasing an additional 3,095,688 shares in the last quarter. BlackRock Inc. increased its stake in fuboTV by 3.6% in the 3rd quarter. BlackRock Inc. now owns 9,090,428 shares of the company’s stock worth $217,806,000 after acquiring an additional 319,843 shares during the last quarter. Zevenbergen Capital Investments LLC increased its stake in fuboTV by 42.7% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 3,006,567 shares of the company’s stock worth $72,037,000 after acquiring an additional 899,501 shares during the last quarter. Marshall Wace LLP increased its stake in fuboTV by 121.1% in the 3rd quarter. Marshall Wace LLP now owns 2,667,568 shares of the company’s stock worth $63,916,000 after acquiring an additional 1,460,860 shares during the last quarter. Finally, FMR LLC increased its stake in fuboTV by 76.4% in the 2nd quarter. FMR LLC now owns 2,444,624 shares of the company’s stock worth $78,496,000 after acquiring an additional 1,058,665 shares during the last quarter. 40.56% of the stock is currently owned by institutional investors.

In other news, CEO David Gandler sold 50,000 shares of fuboTV stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $34.46, for a total transaction of $1,723,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.20% of the stock is owned by insiders.

fuboTV Company Profile

fuboTV, Inc operates as a digital entertainment company. It focuses on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.

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Earnings History and Estimates for fuboTV (NYSE:FUBO)

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