fuboTV (NYSE:FUBO) Receives “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of fuboTV (NYSE:FUBO) in a research report sent to investors on Wednesday morning, Benzinga reports. Wedbush currently has a $5.00 price objective on the stock.

Several other research firms have also recently commented on FUBO. Evercore ISI reduced their target price on fuboTV from $3.00 to $2.50 and set an in-line rating for the company in a research note on Monday, March 4th. Needham & Company LLC dropped 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. Cantor Fitzgerald restated an overweight rating and issued a $2.90 target price on shares of fuboTV in a research note on Wednesday. Finally, Roth Mkm decreased their price target on fuboTV from $3.25 to $2.00 and set a neutral rating for the company in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, fuboTV currently has a consensus rating of Moderate Buy and an average price target of $3.07.

fuboTV Trading Up 0.7 %

Shares of FUBO opened at $1.43 on Wednesday. fuboTV has a 12 month low of $1.08 and a 12 month high of $3.87. The stock’s 50-day moving average is $1.58 and its two-hundred day moving average is $2.37. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $428.83 million, a PE ratio of -1.34 and a beta of 1.99.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Friday, March 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The company had revenue of $410.18 million during the quarter, compared to the consensus estimate of $397.37 million. 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 stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1.90, for a total transaction of $34,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On fuboTV

A number of hedge funds and other institutional investors have recently modified their holdings of FUBO. Precision Wealth Strategies LLC acquired a new stake in shares of fuboTV during the first quarter valued at approximately $93,000. PFG Investments LLC acquired a new stake in fuboTV during the 1st quarter valued at $27,000. Quadrature Capital Ltd lifted its holdings in shares of fuboTV by 144.4% in the fourth quarter. Quadrature Capital Ltd now owns 190,161 shares of the company’s stock valued at $605,000 after purchasing an additional 112,361 shares in the last quarter. Capstone Investment Advisors LLC boosted its position in shares of fuboTV by 15.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock worth $376,000 after buying an additional 15,666 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of fuboTV during the fourth quarter valued at $833,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Company Profile

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.