Uncovering Institutional Buying In fuboTV Inc (NYSE: FUBO)

Currently, there are 299.22M common shares owned by the public and among those 288.49M shares have been available to trade.

The company’s stock has a 5-day price change of 4.64% and -52.27% over the past three months. FUBO shares are trading -50.31% year to date (YTD), with the 12-month market performance up to 42.34% higher. It has a 12-month low price of $1.03 and touched a high of $3.87 over the same period. FUBO has an average intraday trading volume of 11.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.17%, -21.64%, and -37.20% respectively.

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Institutional ownership of fuboTV Inc (NYSE: FUBO) shares accounts for 40.18% of the company’s 299.22M shares outstanding.

It has a market capitalization of $473.21M and a beta (3y monthly) value of 1.99. The earnings-per-share (ttm) stands at -$1.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.02% over the week and 7.89% over the month.

Analysts forecast that fuboTV Inc (FUBO) will achieve an EPS of -$0.22 for the current quarter, -$0.16 for the next quarter and -$0.37 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.21. Comparatively, EPS for the current quarter was -$0.37 a year ago. Earnings per share for the fiscal year are expected to increase by 25.77%, and 52.07% over the next financial year.

Looking at the support for the FUBO, a number of firms have released research notes about the stock. Seaport Research Partners stated their Buy rating for the stock in a research note on March 04, 2024, with the firm’s price target at $2.50. Cantor Fitzgerald coverage for the fuboTV Inc (FUBO) stock in a research note released on December 12, 2023 offered a Overweight rating with a price target of $5. Seaport Research Partners was of a view on October 06, 2023 that the stock is Neutral, while Evercore ISI gave the stock In-line rating on February 28, 2023, issuing a price target of $6- $3. Wedbush on their part issued Outperform rating on September 23, 2022.

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