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

Wedbush reaffirmed their outperform rating on shares of FuboTV (NYSE:FUBO) in a report issued on Friday,RTT News reports. Wedbush currently has a $6.40 price objective on the stock.

Several other research firms have also recently commented on FUBO. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Roth Mkm restated a “neutral” rating and set a $4.75 price target (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Four 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3.71.

FuboTV Stock Performance

FUBO stock opened at $3.06 on Friday. 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 stock has a market cap of $1.02 billion, a P/E ratio of -4.56 and a beta of 1.99. The firm has a 50 day simple moving average of $3.53 and a 200 day simple moving average of $2.26. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45.

Insider Buying and Selling at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the completion of the sale, the chief operating officer now directly owns 1,446,730 shares in the company, valued at $8,651,445.40. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction that occurred on Friday, February 21st. The shares were 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 sold 1,861,426 shares of company stock worth $9,721,411 over the last ninety days. 7.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FuboTV

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock valued at $23,532,000 after purchasing an additional 1,377,663 shares during the period. Geode Capital Management LLC raised its position in shares of FuboTV by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company’s stock valued at $9,412,000 after purchasing an additional 365,827 shares during the period. State Street Corp raised its position in shares of FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after purchasing an additional 132,167 shares during the period. Renaissance Technologies LLC raised its position in shares of FuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock valued at $5,449,000 after purchasing an additional 1,344,956 shares during the period. Finally, Northern Trust Corp raised its position in shares of FuboTV by 16.9% in the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock valued at $3,780,000 after purchasing an additional 434,406 shares during the period. Institutional investors own 39.31% of the company’s stock.

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.