fuboTV (NYSE:FUBO) Reaches New 52-Week Low – Here’s What Happened

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on FUBO shares. Needham & Company LLC cut their price objective on fuboTV from $4.25 to $3.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Wedbush dropped their target price on fuboTV from $5.00 to $3.50 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Zacks Research lowered shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Wall Street Zen lowered shares of fuboTV from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Raymond James Financial began coverage on shares of fuboTV in a report on Monday, December 1st. They issued a “market perform” rating for the company. 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 stock. According to data from MarketBeat, fuboTV has an average rating of “Hold” and an average target price of $3.33.

fuboTV Price Performance

The stock’s 50 day moving average is $2.47 and its two-hundred day moving average is $3.29. The stock has a market capitalization of $534.36 million, a PE ratio of 3.37 and a beta of 2.04. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84.

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

Insider Activity at fuboTV

In other fuboTV news, 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 value of $438,459.48. Following the sale, the chief operating officer directly owned 1,563,830 shares in the company, valued at $4,941,702.80. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Gandler sold 170,279 shares of fuboTV stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $2.55, for a total value of $434,211.45. Following the sale, the chief executive officer directly owned 561,428 shares of the company’s stock, valued at $1,431,641.40. This trade represents a 23.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 610,095 shares of company stock valued at $1,818,811 over the last quarter. 5.30% of the stock is owned by insiders.

Hedge Funds Weigh In On fuboTV

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FUBO. Two Sigma Investments LP raised its holdings in fuboTV by 12.2% during the third quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock worth $27,994,000 after purchasing an additional 734,142 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of fuboTV by 73.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,614,497 shares of the company’s stock valued at $19,154,000 after buying an additional 1,954,352 shares in the last quarter. Jump Financial LLC grew its position in shares of fuboTV by 189.6% in the 2nd quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock valued at $14,364,000 after buying an additional 2,436,479 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in fuboTV by 124.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock worth $9,152,000 after acquiring an additional 2,010,463 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in fuboTV by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company’s stock valued at $2,454,000 after acquiring an additional 99,482 shares during the last quarter. 39.31% of the stock is 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.