FuboTV's (FUBO) "Outperform" Rating Reaffirmed at Wedbush

FuboTV (NYSE:FUBO - Get Free Report)'s stock had its "outperform" rating reiterated by Wedbush in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $6.40 target price on the stock. Wedbush's price objective would indicate a potential upside of 104.15% from the company's previous close.

A number of other equities analysts also recently commented on the stock. Needham & Company LLC raised their target price on shares of FuboTV from $2.00 to $3.50 and gave the company a "buy" rating in a research note on Monday, March 3rd. 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 note on Tuesday, January 7th. UBS Group set a $3.50 target price on FuboTV in a research note on Monday, March 3rd. Finally, Huber Research raised FuboTV to a "strong-buy" rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, FuboTV has an average rating of "Moderate Buy" and a consensus price target of $4.21.

FuboTV Trading Up 3.8 %

FUBO traded up $0.12 on Monday, reaching $3.14. 1,179,176 shares of the company's stock were exchanged, compared to its average volume of 19,237,835. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45. The company's 50 day moving average is $3.10 and its 200-day moving average is $2.67. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -4.68 and a beta of 2.22.

Insider Transactions at FuboTV

In other news, CFO John Janedis sold 25,823 shares of the business'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.00% of the company's stock.

Hedge Funds Weigh In On FuboTV

A number of hedge funds have recently bought and sold shares of FUBO. Xponance Inc. increased its holdings in shares of FuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock valued at $29,000 after acquiring an additional 3,689 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of FuboTV in the 1st quarter valued at about $34,000. Raymond James Financial Inc. acquired a new stake in FuboTV during the fourth quarter worth about $35,000. Balyasny Asset Management L.P. bought a new position in FuboTV in the fourth quarter worth about $36,000. Finally, EWG Elevate Inc. boosted its stake in FuboTV by 50.0% in the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock valued at $38,000 after acquiring an additional 10,000 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

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.

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