Wedbush Reaffirms “Outperform” Rating for fuboTV (NYSE:FUBO)

Wedbush restated their outperform rating on shares of fuboTV (NYSE:FUBO) in a report published on Thursday, Benzinga reports. The brokerage currently has a $5.00 price objective on the stock.

FUBO has been the topic of several other research reports. Evercore ISI dropped their target price on fuboTV from $3.00 to $2.50 and set an in-line rating on the stock in a research report on Monday, March 4th. Roth Mkm lowered their price objective on fuboTV from $3.25 to $2.00 and set a neutral rating on the stock in a research report on Wednesday, February 7th. Finally, Needham & Company LLC lowered their price objective on fuboTV from $4.00 to $3.00 and set a buy rating on the stock in a research report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, fuboTV has a consensus rating of Moderate Buy and a consensus price target of $3.42.

fuboTV Stock Up 1.5 %

Shares of FUBO opened at $1.39 on Thursday. 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 50 day moving average price of $1.62 and a two-hundred day moving average price of $2.39. fuboTV has a 52 week low of $1.05 and a 52 week high of $3.87.

fuboTV (NYSE:FUBO) last released its earnings results 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 company had revenue of $410.18 million during the quarter, compared to analyst estimates of $397.37 million. fuboTV had a negative return on equity of 72.09% and a negative net margin of 21.01%. On average, analysts forecast that fuboTV will post -0.68 earnings per share for the current year.

Insider Buying and Selling

In other fuboTV news, CFO John Janedis sold 18,000 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On fuboTV

Several large investors have recently made changes to their positions in FUBO. SG Americas Securities LLC raised 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 worth $485,000 after acquiring an additional 170,542 shares during the last quarter. Commonwealth Equity Services LLC grew its position in fuboTV by 13.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 45,934 shares of the company’s stock worth $123,000 after purchasing an additional 5,450 shares during the period. Xponance Inc. grew its position in fuboTV by 43.6% in the 3rd quarter. Xponance Inc. now owns 16,906 shares of the company’s stock worth $45,000 after purchasing an additional 5,135 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in fuboTV by 12.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 75,107 shares of the company’s stock worth $201,000 after purchasing an additional 8,400 shares during the period. Finally, Bank of New York Mellon Corp grew its position in fuboTV by 15.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,598 shares of the company’s stock worth $2,802,000 after purchasing an additional 143,410 shares during the period. 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.