FuboTV (NYSE:FUBO) Earns “Outperform” Rating from Wedbush

FuboTV (NYSE:FUBO)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a note issued to investors on Monday,Benzinga reports. They currently have a $6.40 price target on the stock. Wedbush’s target price would indicate a potential upside of 106.45% from the stock’s current price.

Several other brokerages have also recently commented on FUBO. UBS Group set a $3.50 target price on FuboTV in a report on Monday, March 3rd. Huber Research raised FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm reaffirmed 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, Needham & Company LLC boosted their price target on shares of FuboTV from $2.00 to $3.50 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, FuboTV presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.21.

FuboTV Trading Down 1.0 %

NYSE:FUBO opened at $3.10 on Monday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -4.63 and a beta of 2.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. FuboTV has a 1 year low of $1.10 and a 1 year high of $6.45. The business has a fifty day moving average of $3.07 and a 200-day moving average of $2.68.

Insider Transactions at FuboTV

In other news, CFO John Janedis sold 25,823 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On FuboTV

A number of institutional investors have recently bought and sold shares of FUBO. Barclays PLC boosted its holdings in shares of FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after buying an additional 688,625 shares during the period. USAdvisors Wealth Management LLC grew its position in FuboTV by 156.0% during the 4th quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock worth $161,000 after purchasing an additional 78,000 shares in the last quarter. Geode Capital Management LLC raised its stake in FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares during the period. SBI Securities Co. Ltd. acquired a new stake in FuboTV during the 4th quarter valued at $57,000. Finally, Virtu Financial LLC purchased a new stake in shares of FuboTV in the fourth quarter valued at $150,000. Hedge funds and other institutional investors 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.