Millennium Management LLC Buys 2,742,780 Shares of FuboTV Inc. (NYSE:FUBO)

Millennium Management LLC increased its stake in FuboTV Inc. (NYSE:FUBO) by 132.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,810,529 shares of the company’s stock after buying an additional 2,742,780 shares during the period. Millennium Management LLC owned 1.60% of FuboTV worth $5,965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FUBO. Price T Rowe Associates Inc. MD increased its position in shares of FuboTV by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after acquiring an additional 9,229 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in FuboTV during the 1st quarter valued at about $44,000. AQR Capital Management LLC boosted its holdings in shares of FuboTV by 32.8% during the 2nd quarter. AQR Capital Management LLC now owns 201,446 shares of the company’s stock valued at $250,000 after acquiring an additional 49,744 shares during the last quarter. Precision Wealth Strategies LLC bought a new stake in shares of FuboTV in the first quarter worth approximately $93,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of FuboTV in the second quarter worth approximately $76,000. Institutional investors own 39.31% of the company’s stock.

FuboTV Price Performance

NYSE FUBO opened at $1.54 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.60 and a current ratio of 0.60. The business’s fifty day moving average is $1.56 and its 200 day moving average is $1.42. The company has a market capitalization of $460.32 million, a PE ratio of -1.72 and a beta of 1.79. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $3.82.

FuboTV (NYSE:FUBO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. The company had revenue of $389.22 million during the quarter, compared to the consensus estimate of $369.47 million. Sell-side analysts predict that FuboTV Inc. will post -0.51 earnings per share for the current year.

Insider Activity

In other FuboTV news, Director Neil Glat acquired 25,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $1.42 per share, with a total value of $35,500.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $35,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FUBO. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Needham & Company LLC reissued a “buy” rating and issued a $2.00 target price on shares of FuboTV in a report on Monday, August 19th. Finally, Seaport Res Ptn cut FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, FuboTV has an average rating of “Hold” and an average target price of $2.88.

FuboTV Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.