fuboTV’s (FUBO) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of fuboTV (NYSE:FUBO) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $19.00 price objective on the stock.

Several other equities research analysts have also commented on FUBO. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price target on shares of fuboTV in a report on Thursday, June 11th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of fuboTV in a research note on Friday, June 12th. Zacks Research cut fuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Citizens Jmp restated a “market outperform” rating and issued a $15.00 target price on shares of fuboTV in a research note on Thursday, June 11th. Finally, Wall Street Zen lowered fuboTV from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.83.

fuboTV Price Performance

NYSE FUBO opened at $10.03 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $302.89 million, a P/E ratio of -7.83 and a beta of 2.41. The firm’s fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $10.68. fuboTV has a 12-month low of $7.95 and a 12-month high of $56.64.

fuboTV (NYSE:FUBO) last issued its earnings results on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.04. fuboTV had a negative return on equity of 7.67% and a negative net margin of 0.71%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. fuboTV’s revenue for the quarter was up 38.0% on a year-over-year basis. Analysts forecast that fuboTV will post -0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On fuboTV

Institutional investors have recently modified their holdings of the business. Byrne Asset Management LLC increased its stake in fuboTV by 64.0% during the 2nd quarter. Byrne Asset Management LLC now owns 17,120 shares of the company’s stock worth $158,000 after buying an additional 6,680 shares in the last quarter. Main Management ETF Advisors LLC raised its holdings in shares of fuboTV by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 698,436 shares of the company’s stock valued at $1,760,000 after acquiring an additional 7,136 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of fuboTV in the second quarter valued at approximately $92,000. Great Lakes Advisors LLC purchased a new position in shares of fuboTV in the second quarter valued at approximately $95,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of fuboTV by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 110,183 shares of the company’s stock worth $1,014,000 after acquiring an additional 11,189 shares during the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

fuboTV Company Profile

fuboTV Inc is a sports-focused live television streaming company that provides subscribers with access to live sports, news and entertainment programming over the internet. Its service is designed as an alternative to traditional pay television, allowing customers to stream programming on connected televisions, mobile devices, computers and other supported platforms.

The company’s offerings generally include packages of live television channels, sports networks and regional programming, along with features such as cloud-based digital video recording and multiview capabilities.