fuboTV (NYSE:FUBO) Downgraded to Sell at Zacks Investment Research

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fuboTV (NYSE:FUBO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “FuboTV offer sports first live TV streaming platform as well as news and entertainment content. FuboTV is based in New York, United States. “

Several other research analysts have also commented on FUBO. Needham & Company LLC restated a “buy” rating and set a $60.00 price target on shares of fuboTV in a research note on Monday, March 29th. Roth Capital dropped their price target on shares of fuboTV from $55.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, May 12th. Oppenheimer dropped their price target on shares of fuboTV from $45.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 9th. Barrington Research dropped their price target on shares of fuboTV from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, May 13th. Finally, BMO Capital Markets dropped their price target on shares of fuboTV from $50.00 to $45.00 in a research note on Wednesday, March 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. fuboTV currently has an average rating of “Buy” and a consensus target price of $40.78.

fuboTV stock traded down $1.08 during trading hours on Wednesday, hitting $29.00. The company had a trading volume of 7,500,484 shares, compared to its average volume of 19,714,777. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -2.40 and a beta of 2.82. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average is $21.66. fuboTV has a fifty-two week low of $8.12 and a fifty-two week high of $62.29.

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fuboTV (NYSE:FUBO) last released its quarterly earnings data on Tuesday, May 11th. The company reported ($0.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.09). The company had revenue of $119.70 million during the quarter, compared to analyst estimates of $103.54 million. fuboTV had a negative net margin of 185.09% and a negative return on equity of 110.20%. The company’s revenue was up 1539.7% on a year-over-year basis. As a group, analysts expect that fuboTV will post -1.9 EPS for the current year.

A number of large investors have recently bought and sold shares of FUBO. Malaga Cove Capital LLC boosted its holdings in fuboTV by 5.9% in the 1st quarter. Malaga Cove Capital LLC now owns 13,963 shares of the company’s stock valued at $314,000 after purchasing an additional 777 shares during the period. United Maritime Capital LLC boosted its holdings in fuboTV by 4.3% in the 1st quarter. United Maritime Capital LLC now owns 19,136 shares of the company’s stock valued at $423,000 after purchasing an additional 786 shares during the period. First Mercantile Trust Co. bought a new stake in fuboTV in the 4th quarter valued at $25,000. Albion Financial Group UT bought a new stake in fuboTV in the 4th quarter valued at $28,000. Finally, Parallel Advisors LLC bought a new stake in fuboTV in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 30.86% of the company’s stock.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports events, news, and entertainment content in the United States and Europe. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

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Analyst Recommendations for fuboTV (NYSE:FUBO)

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