FuboTV (NYSE:FUBO) Price Target Lowered to $5.00 at Wedbush

FuboTV (NYSE:FUBO - Get Free Report) had its price target dropped by equities research analysts at Wedbush from $6.40 to $5.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Wedbush's price target suggests a potential upside of 109.64% from the company's current price.

Other analysts have also recently issued reports about the company. Needham & Company LLC reduced their target price on FuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a report on Monday. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Roth Mkm reissued a "neutral" rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Finally, UBS Group set a $3.50 price target on shares of FuboTV in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.06.

FuboTV Trading Down 1.4 %

NYSE:FUBO traded down $0.04 during trading hours on Monday, hitting $2.39. 9,679,209 shares of the company were exchanged, compared to its average volume of 19,441,545. The stock has a market capitalization of $814.57 million, a price-to-earnings ratio of -3.56 and a beta of 2.19. FuboTV has a one year low of $1.10 and a one year high of $6.45. The company has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $2.72. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Insider Buying and Selling

In other FuboTV news, CFO John Janedis sold 25,823 shares of the firm's stock in a transaction that occurred 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 Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by insiders.

Institutional Trading of FuboTV

Hedge funds have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC acquired a new position in shares of FuboTV during the first quarter valued at about $34,000. Valeo Financial Advisors LLC bought a new position in shares of FuboTV in the first quarter valued at approximately $45,000. Wealthspan Partners LLC purchased a new position in shares of FuboTV during the first quarter valued at approximately $48,000. Wealth Management Partners LLC bought a new stake in FuboTV during the first quarter worth $53,000. Finally, Principal Financial Group Inc. raised its position in FuboTV by 23.3% in the 1st quarter. Principal Financial Group Inc. now owns 22,468 shares of the company's stock valued at $66,000 after buying an additional 4,239 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

FuboTV Company Profile

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.

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