fuboTV’s (FUBO) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of fuboTV (NYSE:FUBO) in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a $5.00 target price on the stock.

Other analysts have also issued reports about the stock. Roth Mkm cut their target price on shares of fuboTV from $3.25 to $2.00 and set a neutral rating for the company in a research note on Wednesday, February 7th. Evercore ISI cut 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 note on Monday, March 4th. Finally, Needham & Company LLC cut their target price on shares of fuboTV from $4.00 to $3.00 and set a buy rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, fuboTV presently has a consensus rating of Moderate Buy and a consensus target price of $3.42.

fuboTV Stock Performance

Shares of fuboTV stock traded up $0.04 on Thursday, hitting $1.41. The company had a trading volume of 1,876,879 shares, compared to its average volume of 10,406,651. The business has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $2.40. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.38. fuboTV has a 52 week low of $1.05 and a 52 week high of $3.87.

fuboTV (NYSE:FUBO) last posted 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. The business had revenue of $410.18 million during 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, sell-side analysts anticipate that fuboTV will post -0.68 EPS for the current year.

Insider Buying and Selling at fuboTV

In other news, CFO John Janedis sold 18,000 shares of the stock in a transaction on Monday, March 4th. The shares were 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 SEC, which is accessible through the SEC website. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FUBO. Swiss National Bank bought a new stake in fuboTV in the 3rd quarter valued at $1,713,000. Aptus Capital Advisors LLC bought a new stake in fuboTV in the 3rd quarter valued at $1,418,000. Dynamic Technology Lab Private Ltd bought a new stake in fuboTV in the 4th quarter valued at $833,000. Charles Schwab Investment Management Inc. boosted its holdings in fuboTV by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,236,601 shares of the company’s stock valued at $5,972,000 after purchasing an additional 252,361 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in fuboTV by 1,536.3% in the 3rd quarter. SG Americas Securities LLC now owns 181,643 shares of the company’s stock valued at $485,000 after purchasing an additional 170,542 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

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.