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fuboTV (FUBO) Receives a Hold from BTIG

In a report released yesterday, Clark Lampen from BTIG maintained a Hold rating on fuboTV (FUBOResearch Report). The company’s shares closed last Thursday at $2.97, close to its 52-week low of $2.32.

According to TipRanks.com, Lampen ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -24.6% and a 18.2% success rate. Lampen covers the Technology sector, focusing on stocks such as Playtika Holding, Unity Software, and ironSource.

Currently, the analyst consensus on fuboTV is a Hold with an average price target of $5.08, a 72.8% upside from current levels. In a report issued on July 21, Roth Capital also reiterated a Hold rating on the stock with a $3.50 price target.

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Based on fuboTV’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $242 million and GAAP net loss of $141 million. In comparison, last year the company earned revenue of $120 million and had a GAAP net loss of $70.11 million.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FUBO in relation to earlier this year.

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Operating as a sports-focused live TV streaming service, fuboTV offers access to over 100 live TV channels, including many of Nielsen’s top ranked networks

Read More on FUBO:

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