Parametrica Management Ltd purchased a new stake in shares of fuboTV Inc. (NYSE:FUBO – Get Rating) in the 1st quarter, HoldingsChannel reports. The firm purchased 18,328 shares of the company’s stock, valued at approximately $120,000.
Several other institutional investors have also added to or reduced their stakes in FUBO. Retirement Planning Co of New England Inc. purchased a new stake in shares of fuboTV during the fourth quarter worth about $38,000. EWG Elevate Inc. bought a new position in fuboTV in the first quarter worth about $66,000. Teacher Retirement System of Texas bought a new position in fuboTV in the first quarter worth about $69,000. Psagot Value Holdings Ltd. Israel raised its stake in fuboTV by 104.5% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 4,500 shares of the company’s stock worth $70,000 after buying an additional 2,300 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC bought a new position in fuboTV in the first quarter worth about $71,000. 37.30% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on FUBO. Evercore ISI decreased their price target on shares of fuboTV from $20.00 to $7.00 in a research note on Friday, May 6th. JPMorgan Chase & Co. downgraded shares of fuboTV from a “neutral” rating to an “underweight” rating in a research note on Friday, May 6th. Needham & Company LLC reduced their price target on shares of fuboTV from $15.00 to $5.00 in a research report on Friday, May 6th. Roth Capital downgraded shares of fuboTV from a “buy” rating to a “neutral” rating and reduced their price target for the company from $7.50 to $4.25 in a research report on Friday, May 6th. Finally, Stephens assumed coverage on shares of fuboTV in a report on Monday, April 25th. They issued an “equal weight” rating and a $6.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, fuboTV presently has an average rating of “Hold” and a consensus price target of $11.75.
fuboTV Trading Up 45.0 %
fuboTV (NYSE:FUBO – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.06. The business had revenue of $221.89 million for the quarter, compared to analysts’ expectations of $226.02 million. fuboTV had a negative net margin of 55.63% and a negative return on equity of 71.11%. As a group, equities analysts anticipate that fuboTV Inc. will post -3.1 earnings per share for the current year.
fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.
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