fuboTV (NYSE:FUBO) Raised to “Hold” at Wall Street Zen

fuboTV (NYSE:FUBO) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other analysts have also issued research reports about the company. Raymond James Financial assumed coverage on fuboTV in a research note on Monday, December 1st. They issued a “market perform” rating on the stock. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $4.25 price objective on shares of fuboTV in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.58.

fuboTV Price Performance

Shares of FUBO opened at $2.49 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $2.76 and its 200 day simple moving average is $3.42. fuboTV has a 1-year low of $2.28 and a 1-year high of $4.72. The company has a market cap of $851.66 million, a price-to-earnings ratio of 6.90 and a beta of 1.93.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The company had revenue of $377.20 million during the quarter, compared to the consensus estimate of $361.33 million. fuboTV had a net margin of 7.61% and a negative return on equity of 6.66%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. On average, research analysts forecast that fuboTV will post -0.51 earnings per share for the current fiscal year.

Insider Activity at fuboTV

In other fuboTV news, CEO David Gandler sold 170,279 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $2.55, for a total transaction of $434,211.45. Following the completion of the transaction, the chief executive officer owned 561,428 shares of the company’s stock, valued at approximately $1,431,641.40. The trade was a 23.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alberto Horihuela sold 138,753 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $3.16, for a total value of $438,459.48. Following the sale, the chief operating officer directly owned 1,563,830 shares in the company, valued at approximately $4,941,702.80. This trade represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 610,095 shares of company stock worth $1,818,811 in the last ninety days. 5.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. USAdvisors Wealth Management LLC lifted its stake in fuboTV by 2.7% in the second quarter. USAdvisors Wealth Management LLC now owns 114,031 shares of the company’s stock valued at $439,000 after buying an additional 3,000 shares during the period. Federated Hermes Inc. increased its holdings in fuboTV by 177.4% during the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after buying an additional 4,413 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of fuboTV by 47.7% during the 4th quarter. Farther Finance Advisors LLC now owns 15,045 shares of the company’s stock valued at $38,000 after buying an additional 4,859 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in fuboTV by 13.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 42,757 shares of the company’s stock worth $177,000 after buying an additional 5,000 shares during the period. Finally, Uhlmann Price Securities LLC grew its stake in fuboTV by 12.9% during the second quarter. Uhlmann Price Securities LLC now owns 57,000 shares of the company’s stock valued at $220,000 after acquiring an additional 6,500 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.