DekaBank Deutsche Girozentrale Invests $36,000 in fuboTV Inc. (NYSE:FUBO)

DekaBank Deutsche Girozentrale bought a new position in shares of fuboTV Inc. (NYSE:FUBO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,094 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FUBO. Swiss National Bank raised its position in shares of fuboTV by 9.6% during the first quarter. Swiss National Bank now owns 119,600 shares of the company’s stock worth $786,000 after purchasing an additional 10,500 shares during the period. ProShare Advisors LLC raised its position in shares of fuboTV by 34.8% during the first quarter. ProShare Advisors LLC now owns 39,844 shares of the company’s stock worth $262,000 after purchasing an additional 10,280 shares during the period. JPMorgan Chase & Co. raised its position in shares of fuboTV by 14.4% during the first quarter. JPMorgan Chase & Co. now owns 117,256 shares of the company’s stock worth $770,000 after purchasing an additional 14,735 shares during the period. Raymond James & Associates raised its position in shares of fuboTV by 44.3% during the first quarter. Raymond James & Associates now owns 27,362 shares of the company’s stock worth $180,000 after purchasing an additional 8,398 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of fuboTV by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 506,540 shares of the company’s stock worth $3,329,000 after purchasing an additional 11,890 shares during the period. 39.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC dropped their price target on fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. 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 report on Monday, March 4th. Wedbush reissued an “outperform” rating and set a $5.00 price target on shares of fuboTV in a research report on Monday, March 4th. Finally, Roth Mkm dropped their price target on fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $3.42.

Insider Buying and Selling at fuboTV

In other fuboTV news, CFO John Janedis sold 22,342 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.89, for a total value of $42,226.38. Following the transaction, the chief financial officer now owns 48,413 shares in the company, valued at $91,500.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.70% of the company’s stock.

fuboTV Stock Performance

Shares of NYSE FUBO opened at $1.38 on Thursday. The business’s 50-day moving average price is $1.71 and its two-hundred day moving average price is $2.45. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.75. fuboTV Inc. has a one year low of $1.03 and a one year high of $3.87. The company has a market capitalization of $413.31 million, a P/E ratio of -1.29 and a beta of 1.99.

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

fuboTV Company Profile

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.