fuboTV (NYSE:FUBO) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of fuboTV (NYSE:FUBO) in a research note issued to investors on Monday, MarketBeat reports. The firm issued a market outperform rating and a $13.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on FUBO. Wedbush reduced their price objective on fuboTV from $60.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Zacks Research lowered fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Wall Street Zen raised fuboTV from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Raymond James Financial began coverage on fuboTV in a research note on Monday, December 1st. They issued a “market perform” rating for the company. Finally, Needham & Company LLC decreased their price objective on fuboTV from $36.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

fuboTV Stock Performance

Shares of FUBO stock opened at $9.23 on Monday. fuboTV has a 52 week low of $8.31 and a 52 week high of $56.64. The company has a market capitalization of $271.03 million, a price-to-earnings ratio of 1.71 and a beta of 2.37. The company has a 50-day simple moving average of $17.02 and a 200 day simple moving average of $32.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84.

Insiders Place Their Bets

In other fuboTV news, CEO David Gandler sold 14,189 shares of fuboTV stock in a transaction dated 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 owned 46,785 shares in the company, valued at $1,431,621. The trade was a 23.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 74.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP raised its position in shares of fuboTV by 12.2% in the third quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock valued at $27,994,000 after buying an additional 734,142 shares in the last quarter. Dimensional Fund Advisors LP grew its position in fuboTV by 19.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,518,329 shares of the company’s stock worth $13,906,000 after buying an additional 903,832 shares in the last quarter. Jump Financial LLC grew its position in fuboTV by 189.6% during 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in fuboTV by 124.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock worth $9,152,000 after acquiring an additional 2,010,463 shares during the period. Finally, Pacer Advisors Inc. increased its stake in fuboTV by 33.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,851,690 shares of the company’s stock worth $4,666,000 after acquiring an additional 464,607 shares during the period. 39.31% of the stock is owned by institutional investors.

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.