FuboTV (NYSE:FUBO) Given New $5.00 Price Target at Wedbush

FuboTV (NYSE:FUBO) had its target price reduced by Wedbush from $6.40 to $5.00 in a research note issued to investors on Monday,Benzinga reports. Wedbush currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on FUBO. UBS Group set a $3.50 price target on FuboTV in a research note on Monday, March 3rd. Needham & Company LLC lowered their price target on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a report on Monday. Huber Research raised shares of FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Finally, Roth Mkm restated a “neutral” rating and set a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.06.

FuboTV Price Performance

FUBO stock opened at $2.52 on Monday. FuboTV has a 1 year low of $1.10 and a 1 year high of $6.45. The firm has a market capitalization of $858.97 million, a P/E ratio of -3.75 and a beta of 2.19. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50-day moving average is $2.98 and its two-hundred day moving average is $2.72.

Insiders Place Their Bets

In related news, CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is owned by insiders.

Hedge Funds Weigh In On FuboTV

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted 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 valued at $23,532,000 after buying an additional 1,377,663 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of FuboTV by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company’s stock worth $9,412,000 after purchasing an additional 365,827 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of FuboTV by 45.1% during the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock worth $5,449,000 after purchasing an additional 1,344,956 shares during the period. Northern Trust Corp increased its holdings in shares of FuboTV by 16.9% in the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock valued at $3,780,000 after purchasing an additional 434,406 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FuboTV by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company’s stock valued at $3,486,000 after purchasing an additional 177,710 shares during the period. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.