FuboTV's (FUBO) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of FuboTV (NYSE:FUBO - Free Report) in a report released on Friday morning,RTT News reports. Wedbush currently has a $6.40 price target on the stock.

FUBO has been the subject of several other research reports. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research report on Friday, January 31st. Roth Mkm reaffirmed a "neutral" rating and set a $4.75 price target (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, three 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 an average rating of "Moderate Buy" and an average target price of $4.01.

FuboTV Trading Up 5.8 %

Shares of NYSE:FUBO traded up $0.17 during trading on Friday, reaching $3.01. 29,877,680 shares of the stock were exchanged, compared to its average volume of 57,811,660. The firm's 50-day moving average price is $3.56 and its 200 day moving average price is $2.29. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -4.49 and a beta of 1.99. FuboTV has a 12-month low of $1.10 and a 12-month high of $6.45. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

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Insider Activity

In related news, CEO David Gandler sold 1,425,888 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now directly owns 346,817 shares of the company's stock, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Janedis sold 25,823 shares of FuboTV 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 disclosure for this sale can be found here. Insiders have sold 1,861,426 shares of company stock worth $9,721,411 over the last 90 days. Company insiders own 7.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FUBO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of FuboTV by 79.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company's stock valued at $933,000 after purchasing an additional 327,212 shares in the last quarter. Two Sigma Investments LP increased its holdings in FuboTV by 4,635.3% in the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company's stock valued at $646,000 after buying an additional 501,766 shares during the last quarter. State of Wyoming raised its stake in FuboTV by 125.5% during the fourth quarter. State of Wyoming now owns 233,031 shares of the company's stock valued at $294,000 after buying an additional 129,699 shares in the last quarter. ProShare Advisors LLC lifted its holdings in FuboTV by 17.6% during the 4th quarter. ProShare Advisors LLC now owns 220,923 shares of the company's stock worth $278,000 after buying an additional 33,035 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in FuboTV by 13.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,605 shares of the company's stock worth $230,000 after buying an additional 21,051 shares during the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

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.