fuboTV (NYSE:FUBO) Coverage Initiated at Citizens Jmp

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

Other research analysts have also issued research reports about the stock. Zacks Research lowered shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Wedbush lowered their target price on shares of fuboTV from $60.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. B. Riley Financial began coverage on fuboTV in a research report on Friday. They set a “buy” rating and a $18.00 price target on the stock. Raymond James Financial began coverage on fuboTV in a report on Monday, December 1st. They set a “market perform” rating for the company. Finally, Needham & Company LLC lowered their price objective on fuboTV from $36.00 to $15.00 and set a “buy” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

fuboTV Stock Performance

Shares of fuboTV stock opened at $9.29 on Monday. The company has a market capitalization of $272.80 million, a PE ratio of 1.72 and a beta of 2.14. The company has a 50-day simple moving average of $18.37 and a two-hundred day simple moving average of $32.93. fuboTV has a one year low of $9.23 and a one year high of $56.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84.

Insider Activity at fuboTV

In related news, CEO David Gandler sold 14,189 shares of fuboTV stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $30.60, for a total value of $434,183.40. Following the completion of the sale, the chief executive officer directly owned 46,785 shares in the company, valued at $1,431,621. This trade represents a 23.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 74.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FUBO. Jump Financial LLC raised its holdings in shares of fuboTV by 189.6% in the second quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock worth $14,364,000 after buying an additional 2,436,479 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of fuboTV by 124.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock valued at $9,152,000 after acquiring an additional 2,010,463 shares during the period. Dimensional Fund Advisors LP increased its position in shares of fuboTV by 73.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,614,497 shares of the company’s stock valued at $19,154,000 after acquiring an additional 1,954,352 shares during the period. First Trust Advisors LP raised its stake in fuboTV by 378.0% in the 4th quarter. First Trust Advisors LP now owns 1,524,254 shares of the company’s stock worth $3,841,000 after acquiring an additional 1,205,393 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in fuboTV in the 4th quarter worth $2,922,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

About fuboTV

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.