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

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

FUBO has been the topic of several other reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of fuboTV in a report on Wednesday, May 20th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 target price on shares of fuboTV in a report on Thursday. Wall Street Zen cut fuboTV from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wedbush reduced their target price on fuboTV from $24.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Zacks Research cut fuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.83.

fuboTV Stock Performance

fuboTV stock traded up $0.18 during trading on Thursday, reaching $10.16. The company had a trading volume of 534,108 shares, compared to its average volume of 1,597,169. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $10.86 and its 200 day simple moving average is $20.14. The firm has a market capitalization of $299.00 million, a price-to-earnings ratio of -8.01 and a beta of 2.41. fuboTV has a 52 week low of $8.31 and a 52 week high of $56.64.

fuboTV (NYSE:FUBO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.28. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.The business’s quarterly revenue was up 278.1% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. Sell-side analysts forecast that fuboTV will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 4,859 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in fuboTV by 13.2% in the third quarter. Kestra Private Wealth Services LLC now owns 42,757 shares of the company’s stock worth $177,000 after acquiring an additional 5,000 shares in the last quarter. USAdvisors Wealth Management LLC grew its position in fuboTV by 4.3% in the fourth quarter. USAdvisors Wealth Management LLC now owns 150,731 shares of the company’s stock worth $379,000 after acquiring an additional 6,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in fuboTV by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 171,039 shares of the company’s stock worth $660,000 after acquiring an additional 6,857 shares in the last quarter. Finally, Second Line Capital LLC grew its position in fuboTV by 1.8% in the third quarter. Second Line Capital LLC now owns 397,612 shares of the company’s stock worth $1,650,000 after acquiring an additional 7,000 shares in the last quarter. 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.