fuboTV (NYSE:FUBO) Stock Rating Upgraded by Wedbush

fuboTV (NYSE:FUBO) was upgraded by Wedbush to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also weighed in on the company. UBS Group set a $3.50 target price on fuboTV in a report on Monday, March 3rd. Needham & Company LLC reduced their target price on fuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.06.

fuboTV Stock Down 3.4%

FUBO opened at $3.64 on Tuesday. The company has a market capitalization of $1.24 billion, a PE ratio of 18.20 and a beta of 2.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.70. fuboTV has a fifty-two week low of $1.15 and a fifty-two week high of $6.45. The business has a 50-day moving average of $3.22 and a 200-day moving average of $3.20.

Institutional Investors Weigh In On fuboTV

Several hedge funds have recently modified their holdings of FUBO. Rhumbline Advisers boosted its holdings in fuboTV by 6.3% in the 4th quarter. Rhumbline Advisers now owns 507,824 shares of the company’s stock valued at $640,000 after purchasing an additional 29,908 shares during the period. Bank of New York Mellon Corp raised its stake in shares of fuboTV by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company’s stock valued at $1,146,000 after purchasing an additional 61,995 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in fuboTV in the fourth quarter worth $57,000. Charles Schwab Investment Management Inc. lifted its position in fuboTV by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company’s stock worth $3,486,000 after purchasing an additional 177,710 shares during the period. Finally, Arizona State Retirement System boosted its stake in fuboTV by 10.7% during the fourth quarter. Arizona State Retirement System now owns 95,578 shares of the company’s stock worth $120,000 after buying an additional 9,230 shares in the last quarter. 39.31% of the stock is owned by institutional investors.

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.