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

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

A number of other research analysts also recently issued reports on the stock. Evercore ISI decreased their price target 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. Roth Mkm decreased 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. Finally, Needham & Company LLC dropped their target price on fuboTV from $4.00 to $3.00 and set a buy rating on the stock in a report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, fuboTV currently has an average rating of Moderate Buy and an average price target of $3.42.

fuboTV Price Performance

fuboTV stock opened at $1.39 on Thursday. The company has a quick ratio of 0.75, a current 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. The firm has a market cap of $416.31 million, a PE ratio of -1.30 and a beta of 1.99. The company’s 50 day moving average is $1.62 and its two-hundred day moving average is $2.39.

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 analysts’ consensus estimates of ($0.29) by $0.08. The firm 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, research analysts expect that fuboTV will post -0.68 EPS for the current fiscal year.

Insider Transactions at fuboTV

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

Hedge Funds Weigh In On fuboTV

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PFG Investments LLC acquired a new stake in fuboTV during the 1st quarter worth approximately $27,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in fuboTV in the 3rd quarter valued at $31,000. Wealthfront Advisers LLC acquired a new position in fuboTV in the 3rd quarter valued at $34,000. Power Wealth Management LLC purchased a new position in fuboTV during the 4th quarter worth $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of fuboTV in the 4th quarter worth $36,000. Hedge funds and other institutional investors 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.