Vanguard Group Inc. Has $107.68 Million Position in fuboTV Inc. $FUBO

Vanguard Group Inc. trimmed its holdings in fuboTV Inc. (NYSE:FUBO) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,946,813 shares of the company’s stock after selling 3,429,448 shares during the period. Vanguard Group Inc. owned about 7.57% of fuboTV worth $107,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC lifted its position in shares of fuboTV by 189.6% during the second quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock valued at $14,364,000 after purchasing an additional 2,436,479 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of fuboTV by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company’s stock worth $2,454,000 after buying an additional 99,482 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of fuboTV by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 785,307 shares of the company’s stock worth $3,259,000 after buying an additional 9,474 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of fuboTV by 2,342.4% in the third quarter. Principal Financial Group Inc. now owns 579,749 shares of the company’s stock valued at $2,406,000 after acquiring an additional 556,012 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of fuboTV by 13.2% during the second quarter. Invesco Ltd. now owns 553,661 shares of the company’s stock valued at $2,137,000 after acquiring an additional 64,556 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FUBO. Wedbush lowered their price objective on shares of fuboTV from $5.00 to $3.50 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Wall Street Zen downgraded fuboTV from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Needham & Company LLC reduced their price objective on fuboTV from $4.25 to $3.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Raymond James Financial began coverage on fuboTV in a research note on Monday, December 1st. They issued a “market perform” rating on the stock. Finally, Zacks Research cut fuboTV from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, fuboTV presently has an average rating of “Hold” and an average target price of $3.25.

fuboTV Stock Up 3.8%

FUBO stock opened at $1.25 on Thursday. The firm has a market capitalization of $439.12 million, a PE ratio of 2.77 and a beta of 2.14. 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 stock has a 50-day simple moving average of $2.00 and a two-hundred day simple moving average of $3.02. fuboTV Inc. has a twelve month low of $1.11 and a twelve month high of $4.72.

fuboTV (NYSE:FUBO) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). fuboTV had a negative return on equity of 9.67% and a net margin of 5.72%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company earned ($0.11) EPS. fuboTV’s quarterly revenue was up 40.0% on a year-over-year basis. On average, equities analysts predict that fuboTV Inc. will post -0.51 EPS for the current fiscal year.

Insider Activity

In related news, CEO David Gandler sold 170,279 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $2.55, for a total value of $434,211.45. Following the sale, the chief executive officer directly owned 561,428 shares of the company’s stock, valued at $1,431,641.40. This represents a 23.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.30% 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.