Citizens Jmp Initiates Coverage on fuboTV (NYSE:FUBO)

Equities research analysts at Citizens Jmp assumed coverage on shares of fuboTV (NYSE:FUBO) in a research report issued on Monday, MarketBeat.com reports. The firm set a “market outperform” rating and a $13.00 price target on the stock. Citizens Jmp’s price target suggests a potential upside of 37.35% from the stock’s previous close.

FUBO has been the subject of a number of other research reports. Wall Street Zen raised shares of fuboTV from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Needham & Company LLC decreased their price objective on shares of fuboTV from $36.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. B. Riley Financial initiated coverage on shares of fuboTV in a research report on Friday, March 27th. They set a “buy” rating and a $18.00 price objective for the company. Raymond James Financial assumed coverage on fuboTV in a research note on Monday, December 1st. They set 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 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.00.

fuboTV Stock Up 9.3%

FUBO stock opened at $9.47 on Monday. fuboTV has a 52 week low of $8.31 and a 52 week high of $56.64. The business has a 50-day simple moving average of $17.45 and a 200 day simple moving average of $32.37. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The company has a market cap of $278.08 million, a PE ratio of 1.75 and a beta of 2.14.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. raised its stake in shares of fuboTV by 177.4% during the third 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 last quarter. Farther Finance Advisors LLC grew its stake in shares of fuboTV by 47.7% in the fourth quarter. Farther Finance Advisors LLC now owns 15,045 shares of the company’s stock worth $38,000 after purchasing an additional 4,859 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in fuboTV by 13.2% in the third quarter. Kestra Private Wealth Services LLC now owns 42,757 shares of the company’s stock valued at $177,000 after purchasing an additional 5,000 shares during the period. USAdvisors Wealth Management LLC increased its holdings in fuboTV by 4.3% in the fourth quarter. USAdvisors Wealth Management LLC now owns 150,731 shares of the company’s stock valued at $379,000 after purchasing an additional 6,200 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in fuboTV by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 171,039 shares of the company’s stock worth $660,000 after buying an additional 6,857 shares during the period. Institutional investors and hedge funds own 39.31% of the company’s stock.

Key Headlines Impacting fuboTV

Here are the key news stories impacting fuboTV this week:

• Positive Sentiment: Citizens (JMP) initiated coverage with a “Market Outperform” rating and a $13 price target, signaling analyst optimism and providing upside from current levels. Citizens Initiates Coverage of FuboTV (FUBO) with Market Outperform Recommendation
• Neutral Sentiment: Needham trimmed its price target to $15 — still above current trading levels but a downward revision that tempers upside expectations. Needham & Company LLC Cuts fuboTV (NYSE:FUBO) Price Target to $15.00
• Neutral Sentiment: B. Riley began research coverage of FuboTV (coverage start can increase investor attention and trading liquidity; note the firm’s stance was not a clear directional catalyst). fuboTV (NYSE:FUBO) Research Coverage Started at B. Riley Financial
• Neutral Sentiment: News roundups noted FUBO shares “soaring” amid the analyst notes and coverage, reflecting short-term momentum and headline-driven buying. Norwegian Cruise Line, Offerpad, fuboTV, Somnigroup, and Ralph Lauren shares are soaring, what you need to know
• Negative Sentiment: Ongoing carriage dispute with NBC has prompted multiple outlets to publish guides to free streams for NBA/MLB and other programming — a signal that customers may bypass FuboTV during the blackout, risking subscriber churn and ad/revenue disruption. Examples: Spurs vs. Bulls and other games flagged as free due to the NBC–FuboTV dispute. Where to watch Spurs vs. Bulls NBA game free tonight during NBC and FuboTV dispute

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.