Citizens Jmp Begins Coverage on fuboTV (NYSE:FUBO)

Citizens Jmp initiated coverage on shares of fuboTV (NYSE:FUBO) in a research note issued on Monday,Benzinga reports. The brokerage set a “market outperform” rating and a $13.00 price target on the stock. Citizens Jmp’s target price indicates a potential upside of 40.01% from the company’s current price.

FUBO has been the subject of a number of other research reports. Wall Street Zen upgraded shares of fuboTV from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. B. Riley Financial started coverage on shares of fuboTV in a research report on Friday. They set a “buy” rating and a $18.00 target price on the stock. Needham & Company LLC decreased their price target on shares of fuboTV from $36.00 to $15.00 and set a “buy” rating for the company in a research note on Friday. Raymond James Financial began coverage on fuboTV in a report on Monday, December 1st. They issued a “market perform” rating for the company. Finally, Zacks Research downgraded fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.00.

fuboTV Stock Up 0.1%

Shares of FUBO opened at $9.29 on Monday. The firm has a fifty day moving average price of $18.37 and a 200-day moving average price of $32.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $272.80 million, a P/E ratio of 1.72 and a beta of 2.14. fuboTV has a 12-month low of $9.23 and a 12-month high of $56.64.

Insider Buying and Selling

In other fuboTV news, CEO David Gandler sold 14,189 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $30.60, for a total transaction of $434,183.40. Following the transaction, the chief executive officer owned 46,785 shares of the company’s stock, valued at approximately $1,431,621. This trade represents a 23.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 74.31% of the company’s stock.

Hedge Funds Weigh In On fuboTV

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hurley Capital LLC bought a new position in fuboTV in the fourth quarter worth approximately $25,000. Concurrent Investment Advisors LLC bought a new stake in fuboTV during the 4th quarter valued at $26,000. Federated Hermes Inc. increased its holdings in shares of fuboTV by 177.4% in the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock valued at $29,000 after acquiring an additional 4,413 shares during the period. Ground Swell Capital LLC purchased a new position in shares of fuboTV in the 4th quarter valued at $30,000. Finally, Focus Partners Wealth bought a new position in shares of fuboTV in the 1st quarter worth $30,000. 39.31% of the stock is currently owned by institutional investors.

fuboTV Company Profile

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.