fuboTV (NYSE:FUBO – Get Free Report) released its quarterly earnings data on Friday. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.04, Briefing.com reports. fuboTV had a negative return on equity of 7.67% and a negative net margin of 0.71%.The firm’s quarterly revenue was up 38.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.02) EPS.
fuboTV Stock Performance
Shares of FUBO stock traded up $0.42 during trading on Friday, reaching $10.22. The company had a trading volume of 1,949,157 shares, compared to its average volume of 1,609,958. The firm’s 50 day simple moving average is $9.45 and its two-hundred day simple moving average is $12.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.00 and a quick ratio of 1.00. fuboTV has a one year low of $7.95 and a one year high of $56.64. The company has a market capitalization of $308.55 million, a PE ratio of -7.98 and a beta of 2.40.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $16.00 target price on shares of fuboTV in a research note on Thursday, June 11th. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of fuboTV in a report on Friday, June 12th. Citigroup reaffirmed a “market outperform” rating on shares of fuboTV in a research note on Thursday, June 11th. Citizens Jmp reiterated a “market outperform” rating and issued a $15.00 price objective on shares of fuboTV in a report on Thursday, June 11th. Finally, Zacks Research cut shares of fuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.83.
Insider Transactions at fuboTV
In other fuboTV news, COO Alberto Horihuela sold 141,074 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.38, for a total transaction of $1,464,348.12. Following the completion of the sale, the chief operating officer owned 141,074 shares of the company’s stock, valued at $1,464,348.12. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is owned by insiders.
Institutional Trading of fuboTV
A number of institutional investors and hedge funds have recently modified their holdings of FUBO. Graham Capital Management L.P. acquired a new position in fuboTV during the 4th quarter worth $159,000. MML Investors Services LLC boosted its holdings in fuboTV by 163.4% during the fourth quarter. MML Investors Services LLC now owns 32,096 shares of the company’s stock valued at $81,000 after acquiring an additional 19,910 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of fuboTV in the third quarter valued at about $148,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of fuboTV in the third quarter valued at about $145,000. Finally, Caxton Associates LLP bought a new position in shares of fuboTV in the second quarter worth about $95,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.
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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