Virtu Financial LLC Makes New Investment in fuboTV Inc. $FUBO

Virtu Financial LLC purchased a new stake in fuboTV Inc. (NYSE:FUBO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 318,091 shares of the company’s stock, valued at approximately $802,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Two Sigma Investments LP boosted its stake in shares of fuboTV by 12.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock worth $27,994,000 after acquiring an additional 734,142 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of fuboTV by 19.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,518,329 shares of the company’s stock worth $13,906,000 after purchasing an additional 903,832 shares during the period. Goldman Sachs Group Inc. raised its position in shares of fuboTV by 124.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock worth $9,152,000 after purchasing an additional 2,010,463 shares during the period. First Trust Advisors LP lifted its holdings in shares of fuboTV by 378.0% during the fourth quarter. First Trust Advisors LP now owns 1,524,254 shares of the company’s stock valued at $3,841,000 after purchasing an additional 1,205,393 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of fuboTV by 134.8% during the fourth quarter. Jump Financial LLC now owns 1,355,475 shares of the company’s stock valued at $3,416,000 after purchasing an additional 778,275 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Stock Performance

Shares of fuboTV stock opened at $9.23 on Monday. fuboTV Inc. has a 12 month low of $8.31 and a 12 month high of $56.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. The stock has a market cap of $271.82 million, a PE ratio of -7.27 and a beta of 2.41. The business has a fifty day simple moving average of $10.70 and a 200-day simple moving average of $18.47.

fuboTV (NYSE:FUBO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.28. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.58 billion. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.fuboTV’s quarterly revenue was up 278.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, sell-side analysts anticipate that fuboTV Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FUBO shares. Citizens Jmp reiterated a “market outperform” rating and issued a $15.00 price target on shares of fuboTV in a research report on Thursday, June 11th. Barrington Research restated an “outperform” rating and set a $16.00 price objective on shares of fuboTV in a report on Thursday, June 11th. Wedbush reduced their price objective on shares of fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of fuboTV in a report on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of fuboTV from a “hold” rating to a “sell” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, fuboTV presently has an average rating of “Moderate Buy” and a consensus target price of $16.83.

Insider Buying and Selling

In other fuboTV news, COO Alberto Horihuela sold 141,074 shares of fuboTV stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $10.38, for a total transaction of $1,464,348.12. Following the transaction, the chief operating officer owned 141,074 shares of the company’s stock, valued at $1,464,348.12. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.30% of the company’s stock.

fuboTV Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.