Wedbush Reaffirms "Outperform" Rating for fuboTV (NYSE:FUBO)

Wedbush reissued their outperform rating on shares of fuboTV (NYSE:FUBO - Free Report) in a research note issued to investors on Thursday, Benzinga reports. Wedbush currently has a $5.00 price objective on the stock.

Several other research firms have also issued reports on FUBO. Needham & Company LLC decreased their price target 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. Roth Mkm decreased their price target on shares of fuboTV from $3.25 to $2.00 and set a neutral rating on the stock in a research report on Wednesday, February 7th. Finally, Evercore ISI decreased their price target on shares of fuboTV from $3.00 to $2.50 and set an in-line rating on the stock in a research report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $3.42.

fuboTV Stock Performance

NYSE:FUBO traded down $0.01 during midday trading on Thursday, reaching $1.37. The stock had a trading volume of 3,491,464 shares, compared to its average volume of 10,514,268. fuboTV has a 1-year low of $1.03 and a 1-year high of $3.87. The firm's fifty day simple moving average is $1.63 and its 200-day simple moving average is $2.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $408.82 million, a P/E ratio of -1.28 and a beta of 1.99.

fuboTV (NYSE:FUBO - Get Free Report) last posted its earnings results on Friday, March 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The business had revenue of $410.18 million for the quarter, compared to analyst estimates of $397.37 million. On average, equities research analysts forecast that fuboTV will post -0.68 EPS for the current fiscal year.

Insider Activity at fuboTV

In related news, CFO John Janedis sold 18,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On fuboTV

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new position in shares of fuboTV during the first quarter worth approximately $27,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of fuboTV during the third quarter worth approximately $31,000. Wealthfront Advisers LLC acquired a new position in shares of fuboTV during the third quarter worth approximately $34,000. Power Wealth Management LLC acquired a new position in shares of fuboTV during the fourth quarter worth approximately $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of fuboTV during the fourth quarter worth approximately $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.