Arizona State Retirement System Purchases 9,230 Shares of FuboTV Inc. (NYSE:FUBO)

Arizona State Retirement System raised its position in FuboTV Inc. (NYSE:FUBO) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,578 shares of the company’s stock after buying an additional 9,230 shares during the quarter. Arizona State Retirement System’s holdings in FuboTV were worth $120,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EWG Elevate Inc. increased its holdings in FuboTV by 50.0% in the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares during the period. Integrity Wealth Solutions LLC bought a new stake in shares of FuboTV during the 4th quarter valued at approximately $47,000. SBI Securities Co. Ltd. bought a new stake in shares of FuboTV during the 4th quarter valued at approximately $57,000. Apollon Wealth Management LLC grew its holdings in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after purchasing an additional 12,431 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of FuboTV by 84.5% during the 3rd quarter. FMR LLC now owns 101,914 shares of the company’s stock valued at $145,000 after purchasing an additional 46,670 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

Insider Buying and Selling at FuboTV

In other news, COO Alberto Horihuela sold 403,847 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41. Following the completion of the sale, the chief operating officer now owns 1,449,751 shares in the company, valued at $8,741,998.53. This represents a 21.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares of the company’s stock, valued at approximately $1,737,553.17. The trade was a 80.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,861,426 shares of company stock worth $9,721,411. 7.00% of the stock is owned by corporate insiders.

FuboTV Stock Up 7.6 %

FuboTV stock opened at $3.18 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a 12-month low of $1.10 and a 12-month high of $6.45. The firm’s fifty day moving average is $3.87 and its 200 day moving average is $2.36. The company has a market capitalization of $1.08 billion, a PE ratio of -4.74 and a beta of 2.02.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FUBO. Needham & Company LLC lifted their price target on shares of FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a report on Monday, March 3rd. Huber Research raised shares of FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Wedbush restated an “outperform” rating and issued a $6.40 price target on shares of FuboTV in a research report on Friday, February 28th. UBS Group set a $3.50 price target on shares of FuboTV in a research report on Monday, March 3rd. Finally, Roth Mkm restated a “neutral” rating and issued a $4.75 price target (up previously from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Three 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.21.

About FuboTV

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.