Creative Planning Cuts Stock Position in FuboTV Inc. (NYSE:FUBO)

Creative Planning lowered its holdings in FuboTV Inc. (NYSE:FUBO) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,394 shares of the company’s stock after selling 23,701 shares during the period. Creative Planning’s holdings in FuboTV were worth $188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FUBO. Algert Global LLC purchased a new stake in FuboTV during the 2nd quarter worth about $37,000. Public Employees Retirement System of Ohio purchased a new stake in shares of FuboTV in the 1st quarter valued at about $44,000. Arkadios Wealth Advisors purchased a new stake in shares of FuboTV in the 2nd quarter valued at about $76,000. Canada Pension Plan Investment Board purchased a new stake in shares of FuboTV in the 2nd quarter valued at about $92,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of FuboTV in the 1st quarter valued at about $140,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Insider Activity

In other news, Director Neil Glat acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought 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 $35,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.00% of the company’s stock.

FuboTV Price Performance

Shares of FuboTV stock opened at $1.48 on Tuesday. The stock’s 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.44. FuboTV Inc. has a 52 week low of $1.10 and a 52 week high of $3.82. The company has a market capitalization of $494.45 million, a price-to-earnings ratio of -2.21 and a beta of 1.76. The company has a quick ratio of 0.60, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Wall Street Analysts Forecast Growth

FUBO has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Barrington Research restated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Finally, Seaport Res Ptn cut FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FuboTV currently has an average rating of “Hold” and an average price target 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.