Carret Asset Management LLC Acquires Shares of 23,150 fuboTV Inc. (NYSE:FUBO)

Carret Asset Management LLC acquired a new stake in shares of fuboTV Inc. (NYSE:FUBOGet Rating) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 23,150 shares of the company’s stock, valued at approximately $152,000.

Other institutional investors have also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. bought a new stake in fuboTV during the 4th quarter valued at approximately $38,000. IFP Advisors Inc boosted its position in fuboTV by 117.9% during the 4th quarter. IFP Advisors Inc now owns 2,495 shares of the company’s stock valued at $44,000 after acquiring an additional 1,350 shares in the last quarter. Psagot Value Holdings Ltd. boosted its position in fuboTV by 266.7% during the 3rd quarter. Psagot Value Holdings Ltd. now owns 2,200 shares of the company’s stock valued at $53,000 after acquiring an additional 1,600 shares in the last quarter. EWG Elevate Inc. bought a new stake in fuboTV during the 1st quarter valued at approximately $66,000. Finally, Psagot Value Holdings Ltd. Israel boosted its position in fuboTV by 104.5% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 4,500 shares of the company’s stock valued at $70,000 after acquiring an additional 2,300 shares in the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on FUBO. Evercore ISI cut their price objective on fuboTV from $20.00 to $7.00 in a research report on Friday, May 6th. JPMorgan Chase & Co. cut fuboTV from a “neutral” rating to an “underweight” rating in a research report on Friday, May 6th. Needham & Company LLC dropped their price target on fuboTV from $15.00 to $5.00 in a research report on Friday, May 6th. Stephens started coverage on fuboTV in a research report on Monday, April 25th. They issued an “equal weight” rating and a $6.00 price target on the stock. Finally, Roth Capital cut fuboTV from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $7.50 to $4.25 in a research report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.03.

Shares of FUBO opened at $2.70 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average price is $3.60 and its 200-day moving average price is $8.40. fuboTV Inc. has a 52 week low of $2.49 and a 52 week high of $35.10. The stock has a market cap of $499.72 million, a P/E ratio of -0.88 and a beta of 3.70.

fuboTV (NYSE:FUBOGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.26). fuboTV had a negative return on equity of 64.61% and a negative net margin of 59.50%. The firm had revenue of $242.02 million during the quarter, compared to analysts’ expectations of $238.42 million. On average, equities analysts anticipate that fuboTV Inc. will post -3.12 EPS for the current year.

In other news, CEO David Gandler acquired 46,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average cost of $2.98 per share, for a total transaction of $137,080.00. Following the acquisition, the chief executive officer now directly owns 1,322,564 shares in the company, valued at $3,941,240.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alberto Horihuela sold 161,454 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $7.56, for a total transaction of $1,220,592.24. The disclosure for this sale can be found here. 9.30% of the stock is owned by insiders.

fuboTV Profile (Get Rating)

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

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Want to see what other hedge funds are holding FUBO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for fuboTV Inc. (NYSE:FUBOGet Rating).

Institutional Ownership by Quarter for fuboTV (NYSE:FUBO)

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