Wyoming Doubles Stake in FuboTV, Attracting Institutional Interest

NEW YORK, NY – FuboTV is back on Wall Street’s radar as the State of Wyoming has significantly increased its investment in the sports-focused streaming platform. Recent filings with the Securities and Exchange Commission (SEC) revealed that Wyoming raised its holdings by 125.5% in the fourth quarter, now owning over 233,000 shares valued at approximately $294,000.

This increase in stake may appear modest, but it signals a growing interest from institutional investors in FuboTV. Other notable investors have also made moves: Vanguard, already a significant backer of FuboTV, has boosted its position by 8%, bringing its total to nearly 18.7 million shares, which constitutes 5.6% of the company.

Currently, institutional investors own roughly 39% of FuboTV’s outstanding shares, reflecting a positive vote of confidence in the company’s future. The recent Q1 2025 earnings report contributed to this optimism. FuboTV reported $416 million in revenue, transforming previous losses into a $188 million net income.

A renewal of exclusive Premier League streaming rights in Canada has further bolstered the company’s stock performance. Despite mixed analyst sentiment, many experts lean towards a positive outlook for FuboTV. Price targets from Needham, UBS, and Wedbush range from $3.00 to $5.00, with an average target of $3.34, indicating a potential 2.45% upside and a “Moderate Buy” rating overall.

Although FuboTV continues to contend with challenges such as high debt and limited liquidity, recent developments suggest the company may be finding its footing in the competitive streaming market.