fuboTV (NYSE:FUBO) Rating Reiterated by Wedbush

fuboTV (NYSE:FUBO)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a report released on Thursday, Benzinga reports. They presently have a $5.00 price objective on the stock. Wedbush’s target price indicates a potential upside of 266.89% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Roth Mkm lowered their price objective on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Needham & Company LLC decreased their target price on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Finally, Evercore ISI decreased their target price on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, fuboTV presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.42.

fuboTV Stock Down 1.2 %

Shares of FUBO traded down $0.02 on Thursday, hitting $1.36. 1,071,052 shares of the stock traded hands, compared to its average volume of 10,481,162. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. fuboTV has a one year low of $1.03 and a one year high of $3.87. The company has a market capitalization of $408.16 million, a PE ratio of -1.26 and a beta of 1.99. The business has a 50 day simple moving average of $1.65 and a 200 day simple moving average of $2.41.

fuboTV (NYSE:FUBO) last released its earnings results on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. The company had revenue of $410.18 million for the quarter, compared to analysts’ expectations of $397.37 million. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. As a group, equities analysts forecast that fuboTV will post -0.68 earnings per share for the current fiscal year.

Insider Transactions at fuboTV

In other fuboTV news, CFO John Janedis sold 18,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FUBO. PFG Investments LLC acquired a new stake in fuboTV in the first quarter valued at approximately $27,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in fuboTV in the third quarter worth about $31,000. Wealthfront Advisers LLC bought a new stake in fuboTV in the third quarter worth about $34,000. Power Wealth Management LLC bought a new stake in fuboTV in the fourth quarter worth about $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in fuboTV during the 4th quarter worth about $36,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

About fuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.