fuboTV (NYSE:FUBO) Issues Earnings Results

fuboTV (NYSE:FUBO) issued its earnings results 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 net margin of 0.71% and a negative return on equity of 7.67%. During the same period in the prior year, the company posted ($0.02) EPS. fuboTV’s revenue was up 38.0% compared to the same quarter last year.

fuboTV Stock Performance

Shares of FUBO stock opened at $10.22 on Friday. The firm has a market cap of $308.55 million, a price-to-earnings ratio of -7.98 and a beta of 2.40. fuboTV has a 52-week low of $7.95 and a 52-week high of $56.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $9.46 and its 200 day moving average is $12.29.

Insiders Place Their Bets

In other fuboTV news, COO Alberto Horihuela sold 141,074 shares of the stock in a transaction 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 sale, the chief operating officer owned 141,074 shares of the company’s stock, valued at approximately $1,464,348.12. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FUBO. Graham Capital Management L.P. bought a new stake in shares of fuboTV in the 4th quarter valued at about $159,000. MML Investors Services LLC raised its stake in shares of fuboTV by 163.4% during the 4th quarter. MML Investors Services LLC now owns 32,096 shares of the company’s stock worth $81,000 after acquiring an additional 19,910 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in fuboTV during the third quarter valued at approximately $148,000. Northwestern Mutual Wealth Management Co. purchased a new stake in fuboTV during the third quarter valued at approximately $145,000. Finally, Caxton Associates LLP purchased a new stake in fuboTV during the second quarter valued at approximately $95,000. 39.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Evercore started coverage on fuboTV in a research note on Friday, May 1st. They issued an “outperform” rating and a $18.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of fuboTV in a research report on Friday, June 12th. Wedbush lowered their target price on fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Citizens Jmp reissued a “market outperform” rating and set a $15.00 price target on shares of fuboTV in a research report on Thursday, June 11th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of fuboTV in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.83.

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.