Quadcap Wealth Management LLC Sells 14,569 Shares of FuboTV Inc. (NYSE:FUBO)

Quadcap Wealth Management LLC cut its position in shares of FuboTV Inc. (NYSE:FUBO) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,372 shares of the company’s stock after selling 14,569 shares during the period. Quadcap Wealth Management LLC’s holdings in FuboTV were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Xponance Inc. raised its position in shares of FuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company’s stock worth $29,000 after acquiring an additional 3,689 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of FuboTV in the 4th quarter worth $35,000. Balyasny Asset Management L.P. bought a new position in shares of FuboTV in the 4th quarter worth $36,000. Cibc World Markets Corp bought a new position in shares of FuboTV in the 4th quarter worth $38,000. Finally, Marathon Trading Investment Management LLC bought a new position in shares of FuboTV in the 4th quarter worth $40,000. 39.31% of the stock is owned by institutional investors.

FuboTV Stock Up 9.0%

Shares of FUBO stock opened at $3.22 on Friday. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $6.45. The stock’s fifty day moving average price is $2.94 and its 200 day moving average price is $2.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -4.80 and a beta of 2.19.

Analyst Ratings Changes

FUBO has been the subject of several recent research reports. Huber Research raised FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Wedbush reduced their price target on FuboTV from $6.40 to $5.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. Needham & Company LLC reduced their price target on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Finally, UBS Group set a $3.50 target price on FuboTV in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.06.

Insider Buying and Selling

In other FuboTV news, CFO John Janedis sold 25,823 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total transaction of $107,423.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.30% of the stock is owned by company insiders.

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.