Fintel reports that on October 6, 2023, Seaport Global initiated coverage of fuboTV (NYSE:FUBO) with a Neutral recommendation.
Analyst Price Forecast Suggests 51.11% Upside
As of October 5, 2023, the average one-year price target for fuboTV is 3.67. The forecasts range from a low of 3.03 to a high of $5.25. The average price target represents an increase of 51.11% from its latest reported closing price of 2.43.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for fuboTV is 1,289MM, an increase of 9.11%. The projected annual non-GAAP EPS is -2.13.
What is the Fund Sentiment?
There are 294 funds or institutions reporting positions in fuboTV. This is a decrease of 28 owner(s) or 8.70% in the last quarter. Average portfolio weight of all funds dedicated to FUBO is 0.05%, an increase of 24.07%. Total shares owned by institutions increased in the last three months by 2.44% to 103,585K shares. 
The put/call ratio of FUBO is 0.57, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,312K shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 6,083K shares, representing an increase of 34.68%. The firm increased its portfolio allocation in FUBO by 142.79% over the last quarter.
Millennium Management holds 8,680K shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 3,589K shares, representing an increase of 58.65%. The firm increased its portfolio allocation in FUBO by 257.50% over the last quarter.
Marshall Wace, Llp holds 6,635K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 7,202K shares, representing a decrease of 8.55%. The firm increased its portfolio allocation in FUBO by 119.89% over the last quarter.
Geode Capital Management holds 4,748K shares representing 1.62% ownership of the company. In it's prior filing, the firm reported owning 3,670K shares, representing an increase of 22.69%. The firm increased its portfolio allocation in FUBO by 101.22% over the last quarter.
IWM - iShares Russell 2000 ETF holds 4,734K shares representing 1.62% ownership of the company. In it's prior filing, the firm reported owning 4,111K shares, representing an increase of 13.16%. The firm increased its portfolio allocation in FUBO by 82.47% over the last quarter.
fuboTV Background Information
(This description is provided by the company.)
fuboTV (NYSE: FUBO) is the leading sports-first live TV streaming platform offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. With fuboTV's base plan, subscribers can stream a broad mix of 100+ live channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment (Primetime A18-49), with the option to add dozens of additional networks. Continually innovating to give subscribers a premium viewing experience they can't find with cable TV, fuboTV is regularly first-to-market with new product features and was the first virtual MVPD to stream in 4K. fuboTV was also the first U.S. virtual MVPD to enter Europe with the 2018 launch of fuboTV España. fuboTV launched fubo Sports Network, the live, free-to-consumer TV network featuring live sports and award-winning original programming, in 2019.
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