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

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

A number of other equities analysts have also weighed in on FUBO. Wedbush dropped their price objective on 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 cut fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Needham & Company LLC dropped their price target on fuboTV from $4.25 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, 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. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, fuboTV currently has an average rating of “Hold” and a consensus price target of $3.25.

fuboTV Stock Up 3.0%

Shares of FUBO stock opened at $1.19 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84. fuboTV has a one year low of $1.11 and a one year high of $4.72. The company’s fifty day moving average price is $1.81 and its 200-day moving average price is $2.91. The company has a market capitalization of $417.96 million, a price-to-earnings ratio of 2.63 and a beta of 2.14.

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

Insider Buying and Selling at fuboTV

In other news, CEO David Gandler sold 170,279 shares of fuboTV stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $2.55, for a total value of $434,211.45. Following the sale, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 74.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On fuboTV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in fuboTV by 33.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company’s stock valued at $4,666,000 after buying an additional 464,607 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of fuboTV during the 4th quarter worth approximately $802,000. Invesco Ltd. raised its holdings in shares of fuboTV by 21.9% during the 4th quarter. Invesco Ltd. now owns 727,444 shares of the company’s stock worth $1,833,000 after acquiring an additional 130,696 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of fuboTV by 77.4% during the 4th quarter. NewEdge Advisors LLC now owns 89,101 shares of the company’s stock valued at $225,000 after acquiring an additional 38,874 shares during the last quarter. Finally, VARCOV Co. bought a new position in shares of fuboTV during the 4th quarter valued at approximately $261,000. 39.31% of the stock is owned by institutional investors.

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.