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

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

A number of other research firms have also recently issued reports on FUBO. Weiss Ratings reiterated a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th. Raymond James Financial assumed coverage on shares of fuboTV in a report on Monday, December 1st. They set a “market perform” rating for the company. Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $4.25 price objective on shares of fuboTV in a research report on Tuesday, November 4th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.58.

fuboTV Trading Down 2.9%

Shares of NYSE:FUBO opened at $2.49 on Friday. The company’s 50-day moving average price is $2.76 and its two-hundred day moving average price is $3.42. fuboTV has a one year low of $2.28 and a one year high of $4.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $851.66 million, a PE ratio of 6.90 and a beta of 1.93.

fuboTV (NYSE:FUBO) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $361.33 million. During the same quarter last year, the company posted ($0.08) earnings per share. fuboTV’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts forecast that fuboTV will post -0.51 EPS for the current fiscal year.

Insider Transactions at fuboTV

In related news, COO Alberto Horihuela sold 138,753 shares of fuboTV stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $3.16, for a total value of $438,459.48. Following the completion of the sale, the chief operating officer owned 1,563,830 shares of the company’s stock, valued at approximately $4,941,702.80. This trade represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Janedis sold 170,585 shares of the business’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 directly owned 130,478 shares in the company, valued at approximately $412,310.48. This trade represents a 56.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 610,095 shares of company stock worth $1,818,811 in the last 90 days. Insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew 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 valued at $38,000 after buying an additional 4,859 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in fuboTV in the 4th quarter valued at approximately $156,000. Stratos Wealth Partners LTD. purchased a new stake in fuboTV during the 4th quarter valued at $263,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of fuboTV by 32.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 73,049 shares of the company’s stock worth $184,000 after purchasing an additional 17,880 shares in the last quarter. Finally, Byrne Asset Management LLC raised its stake in shares of fuboTV by 398.8% in the fourth quarter. Byrne Asset Management LLC now owns 42,600 shares of the company’s stock worth $107,000 after purchasing an additional 34,060 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

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.