Virtu Financial LLC Acquires New Shares in fuboTV Inc. $FUBO

Virtu Financial LLC acquired a new position in shares of fuboTV Inc. (NYSE:FUBO) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 318,091 shares of the company’s stock, valued at approximately $802,000. Virtu Financial LLC owned about 0.09% of fuboTV at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hurley Capital LLC acquired a new position in shares of fuboTV during the fourth quarter valued at $25,000. Concurrent Investment Advisors LLC bought a new position in shares of fuboTV during the fourth quarter worth about $26,000. Ground Swell Capital LLC acquired a new stake in shares of fuboTV in the 4th quarter worth about $30,000. Focus Partners Wealth bought a new stake in fuboTV in the 1st quarter valued at about $30,000. Finally, Simplify Asset Management Inc. acquired a new position in fuboTV during the 4th quarter valued at about $32,000. 39.31% of the stock is owned by institutional investors and hedge funds.

fuboTV Stock Performance

FUBO opened at $9.23 on Monday. The business has a 50 day moving average price of $10.70 and a two-hundred day moving average price of $18.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $271.82 million, a price-to-earnings ratio of -7.27 and a beta of 2.41. fuboTV Inc. has a 1-year low of $8.31 and a 1-year high of $56.64.

fuboTV (NYSE:FUBO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.28. The company 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 firm’s revenue for the quarter was up 278.1% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. Research analysts predict that fuboTV Inc. will post -0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other fuboTV news, COO Alberto Horihuela sold 141,074 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $10.38, for a total value of $1,464,348.12. Following the sale, the chief operating officer directly owned 141,074 shares in the company, valued at approximately $1,464,348.12. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barrington Research restated an “outperform” rating and issued a $16.00 target price on shares of fuboTV in a research report on Thursday, June 11th. Evercore began coverage on fuboTV in a report on Friday, May 1st. They set an “outperform” rating and a $18.00 price target on the stock. Citigroup reiterated a “market outperform” rating on shares of fuboTV in a research report on Thursday, June 11th. Zacks Research lowered fuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wedbush lowered their target price on fuboTV from $24.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, fuboTV has an average rating of “Moderate Buy” and a consensus price target of $16.83.

fuboTV Profile

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.