FuboTV’s (FUBO) “Outperform” Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of FuboTV (NYSE:FUBO) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $6.40 target price on the stock.

Several other research firms also recently issued reports on FUBO. Needham & Company LLC increased their target price on FuboTV from $2.00 to $3.50 and gave the stock a “buy” rating in a research report on Monday, March 3rd. UBS Group set a $3.50 price objective on FuboTV in a report on Monday, March 3rd. Roth Mkm reissued a “neutral” rating and set a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Finally, Huber Research upgraded FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, FuboTV presently has a consensus rating of “Moderate Buy” and an average price target of $4.21.

FuboTV Price Performance

Shares of NYSE FUBO opened at $3.13 on Monday. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock’s 50 day moving average price is $3.08 and its 200-day moving average price is $2.68. The company has a market capitalization of $1.07 billion, a PE ratio of -4.67 and a beta of 2.22.

Insider Buying and Selling at FuboTV

In related news, CFO John Janedis sold 25,823 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock worth $23,532,000 after acquiring an additional 1,377,663 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of FuboTV by 45.1% during the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock valued at $5,449,000 after purchasing an additional 1,344,956 shares during the last quarter. Barclays PLC raised its holdings in shares of FuboTV by 121.3% during the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after purchasing an additional 688,625 shares during the last quarter. Two Sigma Investments LP increased its holdings in FuboTV by 4,635.3% during the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock valued at $646,000 after buying an additional 501,766 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of FuboTV by 16.9% during the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock worth $3,780,000 after acquiring an additional 434,406 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

About FuboTV

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.