fuboTV (NYSE:FUBO) Stock Rating Reaffirmed by Wedbush

fuboTV (NYSE:FUBO)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a research note issued to investors on Thursday, Benzinga reports. They presently have a $5.00 target price on the stock. Wedbush’s target price points to a potential upside of 259.71% from the stock’s previous close.

A number of other equities analysts have also commented on FUBO. Roth Mkm dropped their price objective on fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Evercore ISI reduced their price objective on fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a research report on Monday, March 4th. Finally, Needham & Company LLC dropped their target price on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.42.

fuboTV Stock Performance

Shares of NYSE FUBO opened at $1.39 on Thursday. The business’s 50-day simple moving average is $1.62 and its 200-day simple moving average is $2.39. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. 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 price-to-earnings ratio of -1.30 and a beta of 1.99.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.08. The business had revenue of $410.18 million during the quarter, compared to analysts’ expectations of $397.37 million. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. As a group, equities research analysts expect that fuboTV will post -0.68 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO John Janedis sold 22,342 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.89, for a total value of $42,226.38. Following the completion of the transaction, the chief financial officer now directly owns 48,413 shares of the company’s stock, valued at $91,500.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PFG Investments LLC bought a new position in shares of fuboTV during the 1st quarter worth approximately $27,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of fuboTV during the third quarter valued at $31,000. Wealthfront Advisers LLC bought a new position in shares of fuboTV during the third quarter valued at $34,000. Power Wealth Management LLC acquired a new stake in shares of fuboTV in the 4th quarter valued at $34,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of fuboTV in the 4th quarter worth about $36,000. Institutional investors own 39.31% of the company’s stock.

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.