fuboTV (NYSE:FUBO) Stock Rating Upgraded by Wall Street Zen

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

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

fuboTV Trading Down 2.9%

fuboTV stock opened at $2.49 on Friday. The business has a 50-day simple moving average of $2.76 and a two-hundred day simple moving average of $3.42. The company has a market cap of $851.66 million, a P/E ratio of 6.90 and a beta of 1.93. fuboTV has a 52-week low of $2.28 and a 52-week high of $4.72. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48.

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

Insider Transactions at fuboTV

In other fuboTV news, CEO David Gandler sold 170,279 shares of the 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 completion of the sale, the chief executive officer directly owned 561,428 shares of the company’s stock, valued at approximately $1,431,641.40. This represents a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Janedis sold 170,585 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $3.16, for a total transaction of $539,048.60. Following the completion of the sale, the chief financial officer owned 130,478 shares of the company’s stock, valued at approximately $412,310.48. This trade represents a 56.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 610,095 shares of company stock valued at $1,818,811. Corporate insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On fuboTV

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of fuboTV by 47.7% during the fourth quarter. Farther Finance Advisors LLC now owns 15,045 shares of the company’s stock worth $38,000 after purchasing an additional 4,859 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in fuboTV during the 4th quarter worth about $156,000. Stratos Wealth Partners LTD. acquired a new stake in fuboTV during the 4th quarter worth about $263,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of fuboTV by 32.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 73,049 shares of the company’s stock valued at $184,000 after buying an additional 17,880 shares during the last quarter. Finally, Byrne Asset Management LLC lifted its holdings in shares of fuboTV by 398.8% in the 4th quarter. Byrne Asset Management LLC now owns 42,600 shares of the company’s stock valued at $107,000 after buying an additional 34,060 shares during the period. Institutional investors and hedge funds 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.