PFG Investments LLC Purchases New Position in fuboTV Inc. (NYSE:FUBO)

PFG Investments LLC acquired a new position in shares of fuboTV Inc. (NYSE:FUBO) during the first quarter, HoldingsChannel reports. The institutional investor acquired 17,120 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also modified their holdings of the stock. Quadrature Capital Ltd boosted its position in shares of fuboTV by 144.4% in the 4th quarter. Quadrature Capital Ltd now owns 190,161 shares of the company’s stock valued at $605,000 after purchasing an additional 112,361 shares during the period. Capstone Investment Advisors LLC boosted its holdings in shares of fuboTV by 15.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock valued at $376,000 after acquiring an additional 15,666 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of fuboTV during the fourth quarter worth approximately $833,000. Jump Financial LLC increased its holdings in shares of fuboTV by 32.5% in the 4th quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock valued at $109,000 after acquiring an additional 8,433 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in fuboTV in the 4th quarter valued at $202,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

fuboTV Price Performance

Shares of FUBO traded down $0.18 during mid-day trading on Friday, hitting $1.37. The company’s stock had a trading volume of 32,029,872 shares, compared to its average volume of 7,049,267. The firm has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $2.36. fuboTV Inc. has a 1-year low of $1.08 and a 1-year high of $3.87. The firm has a market capitalization of $410.84 million, a P/E ratio of -1.28 and a beta of 2.07. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.38.

fuboTV (NYSE:FUBO) last issued its earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The company had revenue of $410.18 million for the quarter, compared to analyst estimates of $397.37 million. Analysts predict that fuboTV Inc. will post -0.68 EPS for the current fiscal year.

Analyst Ratings Changes

FUBO has been the topic of several research reports. Roth Mkm lowered their price objective on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $2.90 price target on shares of fuboTV in a report on Wednesday. Needham & Company LLC reduced their price objective on fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Evercore ISI lowered their target price on fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a research note on Monday, March 4th. Finally, Wedbush reissued an “outperform” rating and issued a $5.00 target price on shares of fuboTV in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.07.

Insider Activity at fuboTV

In other fuboTV news, CFO John Janedis sold 18,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.70% of the company’s stock.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.