fuboTV (NYSE:FUBO) Stock Rating Reaffirmed by Wedbush

fuboTV (NYSE:FUBO)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research report issued on Wednesday, Benzinga reports. They presently have a $5.00 price objective on the stock. Wedbush’s target price would indicate a potential upside of 222.58% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2.90 target price on shares of fuboTV in a research note on Wednesday. Roth Mkm reduced their target price 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 target price on fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a research note on Monday, March 4th. Finally, Needham & Company LLC reduced their target price on fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3.07.

fuboTV Trading Up 7.6 %

Shares of NYSE:FUBO opened at $1.55 on Wednesday. The business’s 50 day simple moving average is $1.58 and its 200-day simple moving average is $2.37. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.75. fuboTV has a 12 month low of $1.08 and a 12 month high of $3.87.

fuboTV (NYSE:FUBO) last announced its quarterly earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.08. The business had revenue of $410.18 million for 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%. Equities analysts anticipate that fuboTV will post -0.68 EPS for the current year.

Insider Buying and Selling at fuboTV

In other fuboTV news, CFO John Janedis sold 22,342 shares of the business’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 in the company, valued at approximately $91,500.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FUBO. PFG Investments LLC acquired a new stake in shares of fuboTV during the 1st quarter worth $27,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of fuboTV during the 3rd quarter worth $31,000. Wealthfront Advisers LLC acquired a new stake in shares of fuboTV during the 3rd quarter worth $34,000. Power Wealth Management LLC acquired a new stake in shares of fuboTV during the 4th quarter worth $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in fuboTV in the 4th quarter valued at $36,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

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.