Rhumbline Advisers Acquires 29,908 Shares of FuboTV Inc. (NYSE:FUBO)

Rhumbline Advisers raised its holdings in FuboTV Inc. (NYSE:FUBO) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 507,824 shares of the company’s stock after acquiring an additional 29,908 shares during the quarter. Rhumbline Advisers owned about 0.15% of FuboTV worth $640,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FUBO. Geode Capital Management LLC boosted its stake in FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares during the period. State Street Corp lifted its holdings in shares of FuboTV by 1.9% during the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after buying an additional 132,167 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after acquiring an additional 200,154 shares during the last quarter. Barclays PLC increased its position in FuboTV by 121.3% during the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after acquiring an additional 688,625 shares during the period. Finally, SG Americas Securities LLC raised its stake in FuboTV by 79.8% during the 4th quarter. SG Americas Securities LLC now owns 197,335 shares of the company’s stock valued at $249,000 after purchasing an additional 87,603 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other FuboTV news, COO Alberto Horihuela sold 5,868 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the transaction, the chief operating officer now owns 1,446,730 shares in the company, valued at $8,651,445.40. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Janedis sold 25,823 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The disclosure for this sale can be found here. Insiders have sold 1,861,426 shares of company stock valued at $9,721,411 in the last 90 days. 7.00% of the stock is currently owned by insiders.

FuboTV Price Performance

Shares of NYSE FUBO opened at $3.20 on Friday. The company has a fifty day moving average price of $3.66 and a 200 day moving average price of $2.31. The firm has a market cap of $1.07 billion, a PE ratio of -4.77 and a beta of 2.02. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $6.45.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FUBO. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $6.40 price objective on shares of FuboTV in a report on Friday, February 28th. Roth Mkm restated a “neutral” rating and set a $4.75 price objective (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Finally, Needham & Company LLC raised their target price on FuboTV from $2.00 to $3.50 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4.39.

FuboTV Profile

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.