fuboTV (NYSE:FUBO) Upgraded to Strong-Buy at Zacks Research

fuboTV (NYSE:FUBOGet Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Citizens Jmp assumed coverage on shares of fuboTV in a report on Monday, March 30th. They set a “market outperform” rating and a $13.00 price target for the company. Needham & Company LLC cut their price target on shares of fuboTV from $36.00 to $15.00 and set a “buy” rating for the company in a report on Friday, March 27th. Wedbush lifted their price target on shares of fuboTV to $24.00 and gave the company an “outperform” rating in a report on Tuesday. Barrington Research raised shares of fuboTV from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Tuesday. Finally, Wall Street Zen raised shares of fuboTV from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, fuboTV currently has an average rating of “Moderate Buy” and an average price target of $17.20.

View Our Latest Research Report on fuboTV

fuboTV Trading Up 0.1%

Shares of FUBO stock opened at $12.07 on Wednesday. fuboTV has a 12-month low of $8.31 and a 12-month high of $56.64. The company has a market capitalization of $354.47 million, a P/E ratio of 2.23 and a beta of 2.37. The firm has a 50-day moving average price of $14.88 and a 200 day moving average price of $30.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.85.

Institutional Investors Weigh In On fuboTV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in fuboTV by 2,342.4% in the 3rd quarter. Principal Financial Group Inc. now owns 579,749 shares of the company’s stock valued at $2,406,000 after acquiring an additional 556,012 shares in the last quarter. Wealthfront Advisers LLC increased its position in fuboTV by 101.5% in the 3rd quarter. Wealthfront Advisers LLC now owns 99,957 shares of the company’s stock valued at $415,000 after acquiring an additional 50,362 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in fuboTV by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 785,307 shares of the company’s stock valued at $3,259,000 after acquiring an additional 9,474 shares in the last quarter. PFG Private Wealth Management LLC acquired a new stake in fuboTV in the 3rd quarter valued at about $124,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in fuboTV by 39.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,249 shares of the company’s stock valued at $109,000 after acquiring an additional 7,953 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV News Summary

Here are the key news stories impacting fuboTV this week:

About fuboTV

(Get Free Report)

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.

Further Reading

Analyst Recommendations for fuboTV (NYSE:FUBO)

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