FuboTV (FUBO) Projected to Post Quarterly Earnings on Friday

FuboTV (NYSE:FUBO) is expected to announce its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of ($0.16) per share and revenue of $445.17 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

FuboTV Stock Down 4.6 %

FuboTV stock opened at $3.83 on Wednesday. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $1.28 billion, a PE ratio of -5.71 and a beta of 1.98. The firm’s 50 day moving average price is $3.41 and its two-hundred day moving average price is $2.23.

Insider Transactions at FuboTV

In other news, CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Alberto Horihuela sold 403,847 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41. Following the completion of the transaction, the chief operating officer now directly owns 1,449,751 shares in the company, valued at $8,741,998.53. The trade was a 21.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,861,426 shares of company stock worth $9,721,411 in the last 90 days. 7.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm restated a “neutral” rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, FuboTV has an average rating of “Moderate Buy” and an average price target of $3.43.

FuboTV Company Profile

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.