Quadrature Capital Ltd Grows Stock Holdings in fuboTV Inc. $FUBO

Quadrature Capital Ltd increased its stake in fuboTV Inc. by 177% in Q2, owning 357,608 shares worth $1.377 million. Other hedge funds also adjusted their positions. Insiders sold 439,816 shares recently. Analysts have mixed ratings on fuboTV, with a moderate buy consensus and a $4.63 price target. The stock opened at $3.03 with a market cap of $1.04 billion.

Quadrature Capital Ltd lifted its position in shares of fuboTV Inc. (NYSE:FUBO - Free Report) by 177.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,608 shares of the company's stock after purchasing an additional 228,488 shares during the period. Quadrature Capital Ltd owned 0.10% of fuboTV worth $1,377,000 as of its most recent SEC filing.

Disney: How the Fubo Sports Deal Became a Game Changer

A number of other hedge funds also recently bought and sold shares of the business. Nuveen LLC bought a new position in fuboTV during the 1st quarter valued at approximately $8,930,000. Vanguard Group Inc. increased its stake in shares of fuboTV by 13.2% during the first quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company's stock valued at $61,742,000 after buying an additional 2,468,067 shares during the period. Jump Financial LLC bought a new position in shares of fuboTV during the first quarter valued at approximately $3,752,000. Franklin Resources Inc. lifted its stake in fuboTV by 609.2% in the second quarter. Franklin Resources Inc. now owns 320,499 shares of the company's stock worth $1,237,000 after acquiring an additional 275,309 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in fuboTV by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company's stock valued at $2,454,000 after acquiring an additional 99,482 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company's stock.

Insiders Place Their Bets

In other news, COO Alberto Horihuela sold 138,753 shares of the firm's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $3.16, for a total transaction of $438,459.48. Following the completion of the transaction, the chief operating officer directly owned 1,563,830 shares in the company, valued at $4,941,702.80. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Janedis sold 170,585 shares of fuboTV stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $3.16, for a total value of $539,048.60. Following the completion of the transaction, the chief financial officer directly owned 130,478 shares of the company's stock, valued at approximately $412,310.48. This represents a 56.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 439,816 shares of company stock valued at $1,384,599 in the last quarter. 5.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Disney 2025 Shareholders: Major Updates for Investors

FUBO has been the subject of several research reports. Wall Street Zen lowered shares of fuboTV from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Weiss Ratings reissued a "sell (d+)" rating on shares of fuboTV in a research note on Wednesday, October 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $4.25 price objective on shares of fuboTV in a research report on Tuesday, November 4th. Finally, Zacks Research upgraded fuboTV from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $4.63.

View Our Latest Stock Analysis on fuboTV

fuboTV Trading Up 0.7%

Disney: Forging a 3-Headed Sports Streaming Giant With Fubo Deal

NYSE:FUBO opened at $3.03 on Monday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 8.42 and a beta of 2.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. fuboTV Inc. has a one year low of $1.21 and a one year high of $6.45. The company's 50-day simple moving average is $3.72 and its 200 day simple moving average is $3.63.

fuboTV (NYSE:FUBO - Get Free Report) last announced its earnings results on Monday, November 3rd. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.06. fuboTV had a net margin of 7.61% and a negative return on equity of 6.66%. The business had revenue of $377.20 million during the quarter, compared to the consensus estimate of $361.33 million. During the same quarter last year, the firm earned ($0.08) earnings per share. The business's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, analysts forecast that fuboTV Inc. will post -0.51 EPS for the current fiscal year.

About fuboTV

(Free Report)

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.

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