fuboTV (NYSE:FUBO) Sets New 12-Month Low at $12.67

fuboTV Inc. (NYSE:FUBO)’s share price reached a new 52-week low 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 analysts have recently weighed in on the company. Roth Capital cut their price objective on fuboTV from $45.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, December 28th. Needham & Company LLC assumed coverage on fuboTV in a research report on Thursday, December 16th. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Investment Research lowered fuboTV from a “buy” rating to a “hold” rating in a research report on Thursday. BTIG Research began coverage on fuboTV in a research report on Wednesday, October 27th. They set a “neutral” rating on the stock. Finally, Wedbush lowered their target price on shares of fuboTV from $53.00 to $32.00 in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $33.11.

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -2.93 and a beta of 2.96. The firm’s 50 day simple moving average is $18.83 and its 200-day simple moving average is $24.67.

fuboTV (NYSE:FUBO) last released its quarterly earnings data on Tuesday, November 9th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.06. fuboTV had a negative net margin of 85.46% and a negative return on equity of 48.14%. The company had revenue of $156.69 million during the quarter, compared to the consensus estimate of $143.49 million. On average, analysts forecast that fuboTV Inc. will post -2.68 EPS for the current year.

In other news, CEO David Gandler sold 50,000 shares of the stock in a transaction dated Wednesday, November 3rd. The shares were sold at an average price of $34.46, for a total transaction of $1,723,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in fuboTV by 187.6% during the second quarter. Envestnet Asset Management Inc. now owns 61,625 shares of the company’s stock worth $1,979,000 after purchasing an additional 40,198 shares in the last quarter. US Bancorp DE raised its holdings in fuboTV by 145.9% during the second quarter. US Bancorp DE now owns 8,024 shares of the company’s stock worth $258,000 after purchasing an additional 4,761 shares in the last quarter. Rhumbline Advisers purchased a new position in fuboTV during the second quarter worth about $4,042,000. Swiss National Bank purchased a new position in fuboTV during the second quarter worth about $3,471,000. Finally, Nisa Investment Advisors LLC purchased a new position in fuboTV during the second quarter worth about $131,000. Institutional investors and hedge funds 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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