fuboTV (NYSE:FUBO) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded fuboTV from a "hold" to a "sell," while analyst opinions remain mixed overall—MarketBeat shows an average rating of "Moderate Buy" with an average price target of $4.63.
• fuboTV beat the prior-quarter EPS estimate (reported $0.02 vs. consensus -$0.04) and posted $377.2M revenue, but revenue was down 2.3% year-over-year and analysts forecast a -$0.51 EPS for the current year.
• Significant insider selling has occurred recently—CFO and COO sold large blocks of shares and insiders sold 439,816 shares (~$1.38M) in the last 90 days—while institutional holders (including Vanguard and Two Sigma) own about 39.3% of the stock.

fuboTV (NYSE:FUBO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings restated a "sell (d+)" rating on shares of fuboTV in a report on Wednesday, October 8th. Raymond James Financial began coverage on shares of fuboTV in a research note on Monday, December 1st. They set a "market perform" rating for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $4.25 price target on shares of fuboTV in a research note on Tuesday, November 4th. Finally, Zacks Research upgraded shares of fuboTV from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $4.63.

fuboTV Trading Down 2.7%

FUBO stock opened at $2.67 on Friday. fuboTV has a twelve month low of $1.21 and a twelve month high of $6.45. The stock has a market capitalization of $913.36 million, a price-to-earnings ratio of 7.40 and a beta of 1.90. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. The firm's fifty day simple moving average is $3.45 and its two-hundred day simple moving average is $3.60.

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

Insider Activity at fuboTV

In related news, CFO John Janedis sold 130,478 shares of fuboTV stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $3.12, for a total transaction of $407,091.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Alberto Horihuela sold 138,753 shares of the company's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $3.16, for a total value of $438,459.48. Following the sale, the chief operating officer 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 439,816 shares of company stock valued at $1,384,599 in the last ninety days. Corporate insiders own 5.30% of the company's stock.

Institutional Trading of fuboTV

Several hedge funds have recently modified their holdings of FUBO. Vanguard Group Inc. grew its position in shares of fuboTV by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company's stock worth $61,742,000 after buying an additional 2,468,067 shares during the last quarter. Two Sigma Investments LP boosted its stake in fuboTV by 12.2% in the third quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company's stock valued at $27,994,000 after acquiring an additional 734,142 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in fuboTV by 73.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,614,497 shares of the company's stock worth $19,154,000 after purchasing an additional 1,954,352 shares during the last quarter. Jump Financial LLC grew its holdings in fuboTV by 189.6% in the second quarter. Jump Financial LLC now owns 3,721,263 shares of the company's stock worth $14,364,000 after purchasing an additional 2,436,479 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of fuboTV during the 1st quarter valued at $8,930,000. 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.

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