fuboTV (NYSE:FUBO) Sets New 1-Year Low – What’s Next?

Shares of fuboTV Inc. (NYSE:FUBO) reached a new 52-week low on Monday . The company traded as low as $1.53 and last traded at $1.5550, with a volume of 882962 shares changing hands. The stock had previously closed at $1.58.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Raymond James Financial assumed coverage on fuboTV in a report on Monday, December 1st. They set a “market perform” rating for the company. Wall Street Zen lowered shares of fuboTV from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research downgraded shares of fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Needham & Company LLC dropped their price target on shares of fuboTV from $4.25 to $3.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Wedbush cut their price target on shares of fuboTV from $5.00 to $3.50 and set an “outperform” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, fuboTV has a consensus rating of “Hold” and a consensus price target of $3.33.

fuboTV Stock Down 4.1%

The stock has a 50 day moving average price of $2.53 and a 200 day moving average price of $3.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $519.23 million, a P/E ratio of 3.39 and a beta of 2.04.

fuboTV (NYSE:FUBO) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.45 billion. fuboTV had a net margin of 5.72% and a negative return on equity of 9.67%. fuboTV’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) EPS. Equities research analysts forecast that fuboTV Inc. will post -0.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David Gandler sold 170,279 shares of fuboTV stock in a transaction dated 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 transaction, the chief executive officer owned 561,428 shares in the company, valued at $1,431,641.40. This trade represents a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Janedis sold 170,585 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $3.16, for a total transaction of $539,048.60. Following the completion of the sale, the chief financial officer directly owned 130,478 shares in the company, valued at approximately $412,310.48. This trade represents a 56.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 610,095 shares of company stock worth $1,818,811 over the last quarter. 5.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On fuboTV

Several institutional investors have recently made changes to their positions in FUBO. Quadrature Capital Ltd increased its position in shares of fuboTV by 177.0% during the second quarter. Quadrature Capital Ltd now owns 357,608 shares of the company’s stock valued at $1,377,000 after buying an additional 228,488 shares during the period. Jump Financial LLC boosted its position in shares of fuboTV by 189.6% in the second quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock valued at $14,364,000 after acquiring an additional 2,436,479 shares during the period. Integrated Quantitative Investments LLC purchased a new position in fuboTV during the second quarter valued at approximately $327,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in fuboTV during the 2nd quarter worth approximately $262,000. Finally, KLP Kapitalforvaltning AS increased its holdings in fuboTV by 29.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 69,400 shares of the company’s stock worth $268,000 after acquiring an additional 15,800 shares during the period. Hedge funds and other institutional investors own 39.31% of the company’s stock.

About fuboTV

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.