fuboTV (NYSE:FUBO) Rating Lowered to “Sell” at Wall Street Zen

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

FUBO has been the topic of several other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of fuboTV in a report on Wednesday, October 8th. Raymond James Financial assumed coverage on fuboTV in a research note on Monday, December 1st. They issued a “market perform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.25 price objective on shares of fuboTV in a report on Tuesday, November 4th. Finally, Zacks Research upgraded fuboTV from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.63.

fuboTV Stock Performance

FUBO stock opened at $2.67 on Friday. fuboTV has a 12-month low of $1.21 and a 12-month high of $6.45. The stock’s 50 day simple moving average is $3.45 and its 200 day simple moving average is $3.60. The stock has a market capitalization of $913.35 million, a PE ratio of 7.40 and a beta of 1.90. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48.

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

Insider Buying and Selling at fuboTV

In other fuboTV news, CFO John Janedis sold 130,478 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $3.12, for a total transaction of $407,091.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Alberto Horihuela sold 138,753 shares of the company’s 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. The trade was a 8.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 439,816 shares of company stock valued at $1,384,599 over the last 90 days. 5.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Swiss Life Asset Management Ltd purchased a new stake in fuboTV in the 3rd quarter worth approximately $61,000. CIBC Bancorp USA Inc. purchased a new position in fuboTV during the third quarter valued at approximately $148,000. Second Line Capital LLC boosted its position in shares of fuboTV by 1.8% in the third quarter. Second Line Capital LLC now owns 397,612 shares of the company’s stock worth $1,650,000 after purchasing an additional 7,000 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of fuboTV by 13.2% in the third quarter. Kestra Private Wealth Services LLC now owns 42,757 shares of the company’s stock worth $177,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Quadcap Wealth Management LLC raised its position in shares of fuboTV by 21.7% during the 3rd quarter. Quadcap Wealth Management LLC now owns 55,908 shares of the company’s stock valued at $232,000 after purchasing an additional 9,986 shares during the period. 39.31% of the stock is owned by hedge funds and other institutional investors.

fuboTV Company Profile

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. 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.