FuboTV Inc. (NYSE:FUBO) Stake Boosted by AQR Capital Management LLC

AQR Capital Management LLC increased its position in shares of FuboTV Inc. (NYSE:FUBO) by 32.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,446 shares of the company’s stock after purchasing an additional 49,744 shares during the quarter. AQR Capital Management LLC owned 0.07% of FuboTV worth $250,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in FuboTV in the first quarter worth $44,000. Precision Wealth Strategies LLC acquired a new stake in FuboTV in the first quarter worth $93,000. Arkadios Wealth Advisors acquired a new stake in FuboTV in the second quarter worth $76,000. Canada Pension Plan Investment Board acquired a new stake in FuboTV in the second quarter worth $92,000. Finally, EntryPoint Capital LLC acquired a new position in shares of FuboTV during the first quarter valued at $140,000. 39.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Neil Glat purchased 25,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $1.42 per share, with a total value of $35,500.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $35,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company’s stock.

FuboTV Trading Down 0.9 %

NYSE:FUBO opened at $1.58 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.39. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $3.82. The firm has a market capitalization of $472.31 million, a price-to-earnings ratio of -1.77 and a beta of 1.79. The stock has a fifty day simple moving average of $1.59 and a 200 day simple moving average of $1.43.

FuboTV (NYSE:FUBO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping 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 firm had revenue of $389.22 million during the quarter, compared to analyst estimates of $369.47 million. Sell-side analysts forecast that FuboTV Inc. will post -0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About FuboTV

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.