Cambridge Investment Research Advisors Inc. Trims Stock Holdings in fuboTV Inc. (NYSE:FUBO)

Cambridge Investment Research Advisors Inc. decreased its stake in fuboTV Inc. (NYSE:FUBOFree Report) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,888 shares of the company’s stock after selling 9,614 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in fuboTV were worth $125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in fuboTV by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,360,941 shares of the company’s stock worth $58,082,000 after buying an additional 262,198 shares in the last quarter. BlackRock Inc. increased its position in fuboTV by 4.6% in the first quarter. BlackRock Inc. now owns 10,266,847 shares of the company’s stock worth $67,454,000 after buying an additional 454,483 shares in the last quarter. Morgan Stanley grew its position in shares of fuboTV by 69.3% during the fourth quarter. Morgan Stanley now owns 5,070,725 shares of the company’s stock worth $8,823,000 after purchasing an additional 2,074,775 shares in the last quarter. Geode Capital Management LLC grew its position in shares of fuboTV by 29.4% during the second quarter. Geode Capital Management LLC now owns 4,747,844 shares of the company’s stock worth $9,876,000 after purchasing an additional 1,077,368 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of fuboTV by 59.9% during the fourth quarter. Marshall Wace LLP now owns 4,734,838 shares of the company’s stock worth $8,239,000 after purchasing an additional 1,774,302 shares in the last quarter. Hedge funds and other institutional investors own 33.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FUBO shares. Cantor Fitzgerald started coverage on fuboTV in a research report on Tuesday, December 12th. They set an “overweight” rating and a $5.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $4.00 target price on shares of fuboTV in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.00.

Check Out Our Latest Stock Report on fuboTV

Insider Buying and Selling at fuboTV

In other fuboTV news, COO Alberto Horihuela sold 36,827 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $3.19, for a total transaction of $117,478.13. Following the completion of the transaction, the chief operating officer now owns 1,423,891 shares in the company, valued at approximately $4,542,212.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Alberto Horihuela sold 36,827 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $3.19, for a total value of $117,478.13. Following the completion of the sale, the chief operating officer now directly owns 1,423,891 shares of the company’s stock, valued at approximately $4,542,212.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Janedis sold 21,324 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $3.10, for a total value of $66,104.40. Following the completion of the sale, the chief financial officer now directly owns 52,855 shares of the company’s stock, valued at $163,850.50. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by company insiders.

fuboTV Stock Performance

NYSE FUBO opened at $2.67 on Friday. The stock has a market capitalization of $781.80 million, a PE ratio of -1.68 and a beta of 2.41. The business has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $2.77. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.84 and a quick ratio of 0.84. fuboTV Inc. has a 1-year low of $0.96 and a 1-year high of $3.87.

fuboTV (NYSE:FUBOGet Free Report) last released its quarterly earnings results on Friday, November 3rd. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.04. The business had revenue of $320.94 million during the quarter, compared to analysts’ expectations of $288.51 million. fuboTV had a negative return on equity of 75.63% and a negative net margin of 28.92%. On average, research analysts predict that fuboTV Inc. will post -1.02 EPS for the current fiscal year.

About fuboTV

(Free Report)

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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Institutional Ownership by Quarter for fuboTV (NYSE:FUBO)

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