Weiss Ratings Reiterates Sell (D+) Rating for fuboTV (NYSE:FUBO)

Key Points

• Weiss Ratings has restated fuboTV's rating as "Sell (D+)", indicating a negative outlook on the stock's future performance.
• fuboTV's average rating stands at "Moderate Buy" with a consensus price target of $4.63, despite varied ratings from multiple analysts.
• Recent insider trading has shown significant sales by company directors, with the most notable being Ignacio Figueras selling 66,061 shares, which represents a 14.11% decrease in his ownership.

fuboTV (NYSE:FUBO - Get Free Report)'s stock had its "sell (d+)" rating restated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Wedbush reissued an "outperform" rating and issued a $6.00 price target (up previously from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of fuboTV from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Needham & Company LLC raised their price objective on shares of fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $4.63.

fuboTV Trading Up 0.3%

NYSE:FUBO opened at $3.88 on Wednesday. fuboTV has a 12 month low of $1.21 and a 12 month high of $6.45. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 14.92 and a beta of 2.38. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $3.88 and its 200-day moving average is $3.44.

Insider Activity at fuboTV

In other news, Director Ignacio Figueras sold 66,061 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $4.26, for a total value of $281,419.86. Following the sale, the director owned 402,009 shares in the company, valued at approximately $1,712,558.34. This trade represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Edgar Bronfman, Jr. sold 59,694 shares of fuboTV stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $3.62, for a total transaction of $216,092.28. Following the sale, the chairman owned 8,673 shares in the company, valued at $31,396.26. This represents a 87.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,849 shares of company stock worth $1,660,612. Insiders own 5.30% of the company's stock.

Institutional Investors Weigh In On fuboTV

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in shares of fuboTV by 10.8% in the 2nd quarter. Osaic Holdings Inc. now owns 170,423 shares of the company's stock valued at $658,000 after purchasing an additional 16,660 shares in the last quarter. State of Wyoming boosted its stake in shares of fuboTV by 17.5% in the 2nd quarter. State of Wyoming now owns 166,365 shares of the company's stock valued at $642,000 after purchasing an additional 24,810 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of fuboTV in the 2nd quarter valued at $95,000. FORA Capital LLC acquired a new stake in shares of fuboTV in the 2nd quarter valued at $543,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of fuboTV by 270.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 77,153 shares of the company's stock valued at $298,000 after purchasing an additional 56,324 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

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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