fuboTV (NYSE:FUBO) Given "Outperform" Rating at Wedbush

fuboTV (NYSE:FUBO - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Wedbush in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $5.00 price target on the stock. Wedbush's target price indicates a potential upside of 249.65% from the stock's previous close.

Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $2.90 target price on shares of fuboTV in a research note on Wednesday. Roth Mkm lowered their price target on fuboTV from $3.25 to $2.00 and set a "neutral" rating for the company in a report on Wednesday, February 7th. Needham & Company LLC cut their price objective on shares of fuboTV from $4.00 to $3.00 and set a "buy" rating on the stock in a report on Friday, March 1st. Finally, Evercore ISI dropped their target price 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, fuboTV presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.07.

fuboTV Trading Up 0.7 %

Shares of NYSE FUBO traded up $0.01 during mid-day trading on Wednesday, reaching $1.43. 6,359,014 shares of the company's stock were exchanged, compared to its average volume of 10,267,340. The firm has a market capitalization of $428.83 million, a price-to-earnings ratio of -1.34 and a beta of 1.99. fuboTV has a 52-week low of $1.08 and a 52-week high of $3.87. The company's 50-day moving average is $1.58 and its 200-day moving average is $2.37. 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 (NYSE:FUBO - Get Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $397.37 million. Analysts expect that fuboTV will post -0.68 EPS for the current fiscal year.

Insider Buying and Selling at fuboTV

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

Institutional Trading of fuboTV

Institutional investors and hedge funds have recently modified their holdings of the business. Pathstone Family Office LLC raised its stake in fuboTV by 41.9% in the 3rd quarter. Pathstone Family Office LLC now owns 14,185 shares of the company's stock valued at $38,000 after purchasing an additional 4,185 shares during the last quarter. Amalgamated Bank lifted its position in fuboTV by 23.6% during the third quarter. Amalgamated Bank now owns 23,497 shares of the company's stock worth $63,000 after buying an additional 4,489 shares during the period. Private Advisor Group LLC boosted its stake in fuboTV by 17.9% in the 3rd quarter. Private Advisor Group LLC now owns 31,690 shares of the company's stock worth $85,000 after buying an additional 4,809 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in fuboTV by 30.1% in the 3rd quarter. First Heartland Consultants Inc. now owns 20,974 shares of the company's stock valued at $56,000 after buying an additional 4,853 shares during the period. Finally, Xponance Inc. increased its stake in shares of fuboTV by 43.6% during the 3rd quarter. Xponance Inc. now owns 16,906 shares of the company's stock valued at $45,000 after acquiring an additional 5,135 shares during the last quarter. Hedge funds and other 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.