Source: MarketBeat
FuboTV Stock Performance and Market Outlook
FuboTV Inc. (NYSE:FUBO) has recently generated headlines as Northern Trust Corp significantly expanded its stake in the company. As per the latest 13F filing with the Securities and Exchange Commission, Northern Trust increased its holdings by 16.9% during the fourth quarter, purchasing an additional 434,406 shares. Following this purchase, Northern Trust now owns approximately 2,999,809 shares of FuboTV, valued at around $3.78 million.
Institutional ownership has become a critical indicator for investors, with 39.31% of FuboTV stock currently held by institutional investors. Other notable transactions include Xponance Inc., which grew its stake by 19.1%, and several new investments from firms like Raymond James Financial Inc. and Cibc World Markets Corp.
Analyst Insight on FuboTV
The outlook for FuboTV has been mixed among analysts. According to Needham & Company LLC, the price objective was lowered from $3.35 to $3.00, maintaining a “buy” rating. Similarly, Wedbush adjusted its target price from $6.40 to $5.00, while Huber Research upgraded FuboTV to a “strong-buy” rating. The consensus rating across seven analysts stands at a Moderate Buy with an average price target of $4.06.
As of late May 2025, FuboTV’s stock remained active, opening at $3.14 on Friday and experiencing a slight increase of 1.6%. The market cap for the company sits at approximately $1.07 billion, with a reported PE ratio of -4.69 and a beta of 2.19. Throughout the past year, FuboTV has faced fluctuations, reaching a low of $1.10 and a high of $6.45.
Company Overview and Future Directions
Founded in February 2009, FuboTV specializes in providing subscriptions for sports, news, and entertainment content, with services accessible via streaming devices including televisions, mobile phones, tablets, and computers. The company’s operational strategy has evolved significantly, particularly in response to shifting market demands and competitive pressures in the streaming service industry.
FuboTV’s innovative approach, specifically its partnerships and programming deals, may help carve out a more substantial niche in the highly competitive streaming market. Industry watchers are particularly interested in how the company’s strategy develops, especially considering its alliances, such as that with Disney.
Investment Considerations for FuboTV
Investors are advised to weigh these recent developments seriously. The strong institutional backing and analyst ratings could serve as indicators for potential long-term growth. However, the stock’s volatility and negative PE ratio suggest caution might be warranted. As always, potential investors should consider their risk tolerance and investment objectives when considering stocks like FuboTV.
FAQ
What recent changes occurred in FuboTV’s institutional ownership?
Northern Trust Corp increased its stake in FuboTV by 16.9%, acquiring an additional 434,406 shares, now owning approximately 2,999,809 shares.
How has FuboTV’s stock price performed recently?
FuboTV stock opened at $3.14 on a recent Friday, with a market cap of $1.07 billion and a 1.6% increase on that day.
What do analysts say about FuboTV’s future?
Analyst opinions are varied, with some maintaining “buy” ratings while others have lowered price targets. The consensus rating is a “Moderate Buy” with an average price target of $4.06.
What services does FuboTV provide?
FuboTV offers subscription services for sports, news, and entertainment that can be accessed via various streaming devices, including smart TVs and mobile devices.
Why is tracking institutional ownership important?
Institutional ownership can indicate confidence in a stock among large investors, which can influence its market performance and attract more retail investors.