fuboTV (NYSE:FUBO) Rating Lowered to Hold at Zacks Research

fuboTV (NYSE:FUBO) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on FUBO. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of fuboTV in a research note on Tuesday, April 28th. B. Riley Financial began coverage on shares of fuboTV in a research note on Friday, March 27th. They set a “buy” rating and a $18.00 price objective for the company. Citizens Jmp began coverage on shares of fuboTV in a research note on Monday, March 30th. They set a “market outperform” rating and a $13.00 price objective for the company. Wall Street Zen cut shares of fuboTV from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Wedbush dropped their price objective on shares of fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.50.

fuboTV Stock Up 0.7%

Shares of NYSE FUBO opened at $9.77 on Monday. fuboTV has a 12-month low of $8.31 and a 12-month high of $56.64. The stock has a market cap of $287.48 million, a PE ratio of -7.69 and a beta of 2.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $10.83 and a 200 day moving average of $20.35.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.28. fuboTV had a negative net margin of 0.90% and a negative return on equity of 5.52%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the company earned $0.55 EPS. fuboTV’s revenue was up 278.1% compared to the same quarter last year. As a group, sell-side analysts predict that fuboTV will post -0.29 EPS for the current fiscal year.

Institutional Trading of fuboTV

Hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. grew its stake in shares of 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 buying an additional 4,413 shares during the period. Hurley Capital LLC purchased a new stake in shares of fuboTV in the 4th quarter valued at approximately $25,000. Concurrent Investment Advisors LLC purchased a new stake in shares of fuboTV in the 4th quarter valued at approximately $26,000. Focus Partners Wealth purchased a new stake in shares of fuboTV in the 1st quarter valued at approximately $30,000. Finally, First Trust Advisors LP purchased a new stake in shares of fuboTV in the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.