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

fuboTV (NYSE:FUBO) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts also recently issued reports about the stock. Raymond James Financial initiated coverage on shares of fuboTV in a research note on Monday, December 1st. They issued a “market perform” rating on the stock. Wedbush dropped their price objective on shares of fuboTV from $5.00 to $3.50 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Zacks Research lowered shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Needham & Company LLC lowered their target price on fuboTV from $4.25 to $3.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.25.

fuboTV Stock Up 3.0%

Shares of FUBO opened at $1.19 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. fuboTV has a one year low of $1.11 and a one year high of $4.72. The stock has a market capitalization of $417.96 million, a price-to-earnings ratio of 2.63 and a beta of 2.15. The stock has a 50 day moving average price of $1.81 and a 200 day moving average price of $2.90.

fuboTV (NYSE:FUBO) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). fuboTV had a net margin of 5.72% and a negative return on equity of 9.67%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. Equities research analysts forecast that fuboTV will post -0.51 earnings per share for the current fiscal year.

Insider Activity at fuboTV

In other news, CEO David Gandler sold 170,279 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $2.55, for a total transaction of $434,211.45. Following 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 74.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On fuboTV

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in fuboTV by 177.4% in the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock valued at $29,000 after purchasing an additional 4,413 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of fuboTV during the 3rd quarter worth approximately $35,000. Titleist Asset Management LLC acquired a new stake in shares of fuboTV during the 3rd quarter worth approximately $42,000. Hurley Capital LLC purchased a new stake in shares of fuboTV during the 4th quarter valued at approximately $25,000. Finally, Farther Finance Advisors LLC raised its position in shares of fuboTV by 254,550.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company’s stock valued at $42,000 after buying an additional 10,182 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

fuboTV Company Profile

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.