Pacer Advisors Inc. Trims Stock Holdings in fuboTV Inc. $FUBO

Pacer Advisors Inc. lowered its holdings in fuboTV Inc. (NYSE:FUBO) by 41.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,387,083 shares of the company’s stock after selling 965,281 shares during the period. Pacer Advisors Inc. owned approximately 0.41% of fuboTV worth $5,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in fuboTV by 254,550.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company’s stock valued at $42,000 after acquiring an additional 10,182 shares during the period. Tripletail Wealth Management LLC bought a new position in shares of fuboTV in the second quarter worth $37,000. Focus Partners Wealth purchased a new position in shares of fuboTV in the first quarter valued at $30,000. First Trust Advisors LP purchased a new position in shares of fuboTV in the second quarter valued at $44,000. Finally, Fee Only Financial Planning L.C. bought a new stake in shares of fuboTV during the 2nd quarter valued at $51,000. 39.31% of the stock is owned by institutional investors.

Insider Transactions at fuboTV

In related news, COO Alberto Horihuela sold 138,753 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $3.16, for a total transaction of $438,459.48. Following the transaction, the chief operating officer directly owned 1,563,830 shares of the company’s stock, valued at approximately $4,941,702.80. This trade represents a 8.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John Janedis sold 130,478 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $3.12, for a total value of $407,091.36. The SEC filing for this sale provides additional information. Insiders have sold 439,816 shares of company stock worth $1,384,599 in the last 90 days. Company insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

FUBO has been the subject of a number of recent analyst reports. Zacks Research lowered fuboTV from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Wall Street Zen lowered shares of fuboTV from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of fuboTV in a report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $4.25 target price on shares of fuboTV in a research note on Tuesday, November 4th. Finally, Raymond James Financial began coverage on shares of fuboTV in a report on Monday, December 1st. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.63.

fuboTV Trading Down 2.8%

Shares of FUBO opened at $2.58 on Tuesday. fuboTV Inc. has a 1-year low of $1.21 and a 1-year high of $6.45. The company has a market capitalization of $882.50 million, a P/E ratio of 7.15 and a beta of 1.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. The firm’s 50 day simple moving average is $3.20 and its 200 day simple moving average is $3.54.

fuboTV (NYSE:FUBO) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. fuboTV had a net margin of 7.61% and a negative return on equity of 6.66%. The firm had revenue of $377.20 million for the quarter, compared to analyst estimates of $361.33 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts forecast that fuboTV Inc. will post -0.51 earnings per share for the current fiscal year.

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.