PFG Investments LLC Makes New $27,000 Investment in fuboTV Inc. (NYSE:FUBO)

PFG Investments LLC acquired a new stake in fuboTV Inc. (NYSE:FUBO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,120 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also modified their holdings of the stock. Pathstone Family Office LLC raised its position in shares of fuboTV by 41.9% in the 3rd quarter. Pathstone Family Office LLC now owns 14,185 shares of the company’s stock worth $38,000 after acquiring an additional 4,185 shares in the last quarter. Amalgamated Bank lifted its position in shares of fuboTV by 23.6% during the third quarter. Amalgamated Bank now owns 23,497 shares of the company’s stock valued at $63,000 after buying an additional 4,489 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of fuboTV by 17.9% in the 3rd quarter. Private Advisor Group LLC now owns 31,690 shares of the company’s stock valued at $85,000 after buying an additional 4,809 shares in the last quarter. First Heartland Consultants Inc. raised its stake in shares of fuboTV by 30.1% during the 3rd quarter. First Heartland Consultants Inc. now owns 20,974 shares of the company’s stock worth $56,000 after acquiring an additional 4,853 shares in the last quarter. Finally, Xponance Inc. lifted its position in fuboTV by 43.6% during the third quarter. Xponance Inc. now owns 16,906 shares of the company’s stock valued at $45,000 after acquiring an additional 5,135 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO John Janedis sold 18,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1.90, for a total transaction of $34,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FUBO. Wedbush reaffirmed an “outperform” rating and set a $5.00 price target on shares of fuboTV in a research report on Wednesday. Evercore ISI dropped their price target on fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a research note on Monday, March 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2.90 price objective on shares of fuboTV in a research report on Wednesday. Roth Mkm cut their price target on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Finally, Needham & Company LLC lowered their price objective on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.07.

fuboTV Stock Performance

NYSE:FUBO traded down $0.18 during midday trading on Friday, hitting $1.37. The company’s stock had a trading volume of 32,029,872 shares, compared to its average volume of 7,049,267. fuboTV Inc. has a fifty-two week low of $1.08 and a fifty-two week high of $3.87. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $410.84 million, a P/E ratio of -1.28 and a beta of 2.07. The firm’s 50 day moving average is $1.57 and its 200-day moving average is $2.36.

fuboTV (NYSE:FUBO) last released its quarterly earnings data on Friday, March 1st. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The business had revenue of $410.18 million for the quarter, compared to the consensus estimate of $397.37 million. Equities analysts anticipate that fuboTV Inc. will post -0.68 earnings per share for the current fiscal year.

About fuboTV

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.