Citizens Jmp Reiterates “Market Outperform” Rating for fuboTV (NYSE:FUBO)

fuboTV (NYSE:FUBO)‘s stock had its “market outperform” rating reiterated by Citizens Jmp in a research note issued on Thursday,Benzinga reports. They presently have a $15.00 price target on the stock. Citizens Jmp’s target price suggests a potential upside of 47.71% from the stock’s current price.

Several other brokerages have also issued reports on FUBO. Wedbush dropped their target price on fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Weiss Ratings upgraded fuboTV from a “sell (e-)” rating to a “sell (e+)” rating in a research report on Friday, May 8th. Evercore started coverage on fuboTV in a research report on Friday, May 1st. They set an “outperform” rating and a $18.00 target price for the company. Wall Street Zen lowered fuboTV from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Zacks Research lowered fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, fuboTV presently has a consensus rating of “Moderate Buy” and an average target price of $16.83.

fuboTV Trading Up 1.8%

FUBO traded up $0.18 on Thursday, hitting $10.16. The company had a trading volume of 534,108 shares, compared to its average volume of 1,597,169. fuboTV has a 12-month low of $8.31 and a 12-month high of $56.64. The business’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $20.14. The company has a market cap of $299.00 million, a PE ratio of -8.01 and a beta of 2.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46.

fuboTV (NYSE:FUBO) last announced its earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.28. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 278.1% compared to the same quarter last year. Equities research analysts expect that fuboTV will post -0.29 EPS for the current year.

Institutional Trading of fuboTV

Large investors have recently modified their holdings of the company. Hurley Capital LLC purchased a new stake in shares of fuboTV in the fourth quarter valued at approximately $25,000. Concurrent Investment Advisors LLC purchased a new stake in shares of fuboTV in the fourth quarter valued at approximately $26,000. Focus Partners Wealth purchased a new stake in shares of fuboTV in the first quarter valued at approximately $30,000. First Trust Advisors LP purchased a new stake in shares of fuboTV in the second quarter valued at approximately $44,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of fuboTV in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.