Analysts at B. Riley Financial began coverage on shares of fuboTV (NYSE:FUBO – Get Free Report) in a note issued to investors on Friday, MarketBeat reports. The brokerage set a “buy” rating and a $18.00 price target on the stock. B. Riley Financial’s target price suggests a potential upside of 93.86% from the company’s previous close.
A number of other brokerages have also commented on FUBO. Wall Street Zen upgraded fuboTV from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Wedbush lowered their price target on shares of fuboTV from $60.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Raymond James Financial began coverage on fuboTV in a research report on Monday, December 1st. They set a “market perform” rating on the stock. Needham & Company LLC reduced their price objective on fuboTV from $51.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, Zacks Research cut fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.00.
Check Out Our Latest Stock Analysis on fuboTV
fuboTV Stock Down 3.9%
Insider Activity
In other news, CEO David Gandler sold 14,189 shares of fuboTV stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $30.60, for a total value of $434,183.40. Following the sale, the chief executive officer owned 46,785 shares in the company, valued at $1,431,621. This trade represents a 23.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 74.31% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. raised its stake in fuboTV by 177.4% in the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock valued at $29,000 after purchasing an additional 4,413 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in fuboTV during the 3rd quarter valued at about $35,000. Titleist Asset Management LLC acquired a new stake in fuboTV in the 3rd quarter valued at about $42,000. Hurley Capital LLC acquired a new stake in fuboTV in the 4th quarter valued at about $25,000. Finally, Farther Finance Advisors LLC lifted its stake in fuboTV by 254,550.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company’s stock worth $42,000 after purchasing an additional 10,182 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.
fuboTV News Roundup
Here are the key news stories impacting fuboTV this week:
- Positive Sentiment: B. Riley initiated coverage with a “buy” rating and an $18 price target (roughly 94% upside from the current level), providing institutional validation that could attract buyers. B. Riley Coverage
- Positive Sentiment: fuboTV added distribution (SportsNet LA carriage) and benefited from a temporary streaming access win for Dodgers viewers during an NBC dispute — these content/carriage developments can boost subscriber engagement and reduce churn. SportsNet LA Carriage
- Positive Sentiment: One outlet highlights fuboTV as a top-performing large-cap communication services name YTD, a narrative that could attract momentum traders if supported by improving fundamentals. YTD Performance Note
- Neutral Sentiment: Needham cut its price target dramatically from $36 to $15 but kept a “buy” rating — this lowers upside expectations while still signaling analyst conviction; interpret as mixed. Needham Price Target Cut
- Neutral Sentiment: Profiles and op-eds note the stock’s steep multi-quarter decline and speculate on a potential turnaround; such stories can influence sentiment but are speculative without fresh operational beats. Turnaround Commentary
- Negative Sentiment: The company completed a 1-for-12 reverse stock split, which triggered a sharp negative market reaction and immediate share weakness as investors viewed the move as a distress signal. Reverse Split Reaction
- Negative Sentiment: Shares have logged steep losses over the past 12 months and multiple headlines note broader selloffs; geopolitics and a market-wide rout amplified fuboTV’s decline in recent sessions. Market Selloff Coverage
fuboTV Company Profile
fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.
In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.
See Also
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