Pacer Advisors Inc. Has $4.67 Million Stock Holdings in fuboTV Inc. $FUBO

Pacer Advisors Inc. increased its holdings in shares of fuboTV Inc. (NYSE:FUBO) by 33.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,851,690 shares of the company’s stock after purchasing an additional 464,607 shares during the quarter. Pacer Advisors Inc.’s holdings in fuboTV were worth $4,666,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in fuboTV during the 4th quarter worth about $802,000. USAdvisors Wealth Management LLC increased its holdings in shares of fuboTV by 4.3% in the 4th quarter. USAdvisors Wealth Management LLC now owns 150,731 shares of the company’s stock valued at $379,000 after purchasing an additional 6,200 shares during the period. Ground Swell Capital LLC purchased a new stake in shares of fuboTV in the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. lifted its position in shares of fuboTV by 25.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 69,582 shares of the company’s stock worth $175,000 after purchasing an additional 14,033 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of fuboTV by 47.7% in the fourth quarter. Farther Finance Advisors LLC now owns 15,045 shares of the company’s stock worth $38,000 after purchasing an additional 4,859 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

fuboTV Trading Down 4.1%

Shares of NYSE FUBO opened at $8.84 on Tuesday. The stock has a market cap of $260.37 million, a price-to-earnings ratio of -6.96 and a beta of 2.41. The business has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $18.40. fuboTV Inc. has a 52 week low of $8.31 and a 52 week high of $56.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.99 and a current ratio of 0.99.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data 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 net margin of 0.90% and a negative return on equity of 5.52%. The company’s revenue for the quarter was up 278.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. On average, research analysts predict that fuboTV Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FUBO has been the topic of a number of research analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of fuboTV in a research report on Thursday, June 11th. Wedbush decreased their target price 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. B. Riley Financial began coverage on shares of fuboTV in a report on Friday, March 27th. They set a “buy” rating and a $18.00 price target on the stock. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of fuboTV in a research note on Thursday, June 11th. Finally, Evercore initiated coverage on fuboTV in a report on Friday, May 1st. They set an “outperform” rating and a $18.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.83.

Insider Activity at fuboTV

In other news, COO Alberto Horihuela sold 141,074 shares of the stock in a transaction on Thursday, June 11th. The shares were 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 in the company, valued at $1,464,348.12. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.30% of the stock is currently owned by company insiders.

About fuboTV

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.