fuboTV (NYSE:FUBO) Reaches New 1-Year Low - Here's What Happened

Key Points

• fuboTV hit a new 52-week low, trading as low as $2.19 and last at $2.28 on heavy volume of 3,066,247 shares.
• Analysts are mixed but cautious: the stock has an average rating of "Hold" with a consensus price target of $4.58 (two Buys, two Holds, one Sell).
• Insiders have been net sellers—610,095 shares sold in the past 90 days (CEO sold 170,279)—and the company shows strained liquidity (current ratio 0.69) despite a quarterly EPS beat ($0.02 vs. -$0.04) while revenue was down 2.3% year‑over‑year and analysts expect -$0.51 EPS for the fiscal year.

fuboTV Inc. (NYSE:FUBO - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $2.19 and last traded at $2.28, with a volume of 3066247 shares traded. The stock had previously closed at $2.23.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of fuboTV in a report on Wednesday, October 8th. Needham & Company LLC reiterated a "buy" rating and set a $4.25 price objective on shares of fuboTV in a research report on Tuesday, November 4th. Wall Street Zen upgraded shares of fuboTV from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Raymond James Financial started coverage on shares of fuboTV in a report on Monday, December 1st. They set a "market perform" rating on the stock. Finally, Zacks Research downgraded shares of fuboTV from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.58.

fuboTV Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The firm's 50-day moving average price is $2.66 and its two-hundred day moving average price is $3.38. The stock has a market cap of $786.54 million, a PE ratio of 6.38 and a beta of 2.04.

fuboTV (NYSE:FUBO - Get Free Report) last posted 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. fuboTV had a negative return on equity of 6.66% and a net margin of 7.61%.The company had revenue of $377.20 million during the quarter, compared to analyst estimates of $361.33 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. fuboTV's revenue was down 2.3% on a year-over-year basis. On average, equities analysts expect that fuboTV Inc. will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling at fuboTV

In related news, CEO David Gandler sold 170,279 shares of fuboTV stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $2.55, for a total value of $434,211.45. Following the completion of the sale, the chief executive officer directly owned 561,428 shares in the company, valued at $1,431,641.40. This trade represents a 23.27% decrease in their position. 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 firm's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $3.16, for a total transaction of $438,459.48. Following the completion of the transaction, the chief operating officer directly owned 1,563,830 shares of the company's stock, valued at approximately $4,941,702.80. This represents a 8.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 610,095 shares of company stock valued at $1,818,811. 5.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On fuboTV

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in shares of fuboTV by 177.4% in the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company's stock valued at $29,000 after purchasing an additional 4,413 shares during the period. Byrne Asset Management LLC purchased a new position in fuboTV during the 3rd quarter worth approximately $35,000. Titleist Asset Management LLC purchased a new position in fuboTV during the 3rd quarter worth approximately $42,000. Aries Wealth Management acquired a new stake in fuboTV during the 4th quarter valued at approximately $25,000. Finally, Farther Finance Advisors LLC boosted its holdings in fuboTV by 254,550.0% in the third quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company's stock valued at $42,000 after purchasing an additional 10,182 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company's stock.

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.

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