fuboTV (NYSE:FUBO) Hits New 52-Week Low at $12.67

Shares of fuboTV Inc. (NYSE:FUBO) hit a new 52-week low during mid-day trading on Saturday . The company traded as low as $12.67 and last traded at $13.12, with a volume of 10732534 shares traded. The stock had previously closed at $13.60.

A number of brokerages recently issued reports on FUBO. BTIG Research assumed coverage on fuboTV in a research note on Wednesday, October 27th. They issued a “neutral” rating for the company. Zacks Investment Research lowered fuboTV from a “buy” rating to a “hold” rating in a research note on Thursday. Wedbush reduced their price objective on fuboTV from $53.00 to $32.00 in a research note on Tuesday. JPMorgan Chase & Co. assumed coverage on fuboTV in a research note on Thursday, December 9th. They set an “overweight” rating and a $28.00 price objective for the company. Finally, Roth Capital reduced their price objective on fuboTV from $45.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, December 28th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, fuboTV has an average rating of “Buy” and an average target price of $33.11.

The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -2.93 and a beta of 2.96. The company has a fifty day moving average of $18.83 and a 200-day moving average of $24.67. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.53.

fuboTV (NYSE:FUBO) last issued its earnings results on Tuesday, November 9th. The company reported ($0.59) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.65) by $0.06. The business had revenue of $156.69 million for the quarter, compared to analysts’ expectations of $143.49 million. fuboTV had a negative return on equity of 48.14% and a negative net margin of 85.46%. As a group, equities research analysts expect that fuboTV Inc. will post -2.68 EPS for the current year.

In other news, CEO David Gandler sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $34.46, for a total transaction of $1,723,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. lifted its holdings in fuboTV by 2.9% in the third quarter. Avantax Advisory Services Inc. now owns 14,415 shares of the company’s stock valued at $344,000 after acquiring an additional 413 shares during the last quarter. New England Professional Planning Group Inc. lifted its holdings in fuboTV by 0.4% in the second quarter. New England Professional Planning Group Inc. now owns 116,450 shares of the company’s stock valued at $3,705,000 after acquiring an additional 500 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in fuboTV by 3.0% in the third quarter. Oppenheimer & Co. Inc. now owns 23,005 shares of the company’s stock valued at $551,000 after acquiring an additional 670 shares during the last quarter. Marathon Trading Investment Management LLC lifted its holdings in fuboTV by 7.0% in the second quarter. Marathon Trading Investment Management LLC now owns 10,700 shares of the company’s stock valued at $344,000 after acquiring an additional 700 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in fuboTV in the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 40.56% of the company’s stock.

About fuboTV (NYSE:FUBO)

fuboTV, Inc operates as a digital entertainment company. It focuses on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.

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