fuboTV Inc. $FUBO Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of fuboTV Inc. (NYSE:FUBO) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,851,690 shares of the company’s stock after purchasing an additional 464,607 shares during the period. Pacer Advisors Inc. owned 0.52% of fuboTV worth $4,666,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FUBO. Virtu Financial LLC bought a new position in fuboTV during the 4th quarter valued at $802,000. Invesco Ltd. raised its stake in shares of fuboTV by 21.9% in the 4th quarter. Invesco Ltd. now owns 727,444 shares of the company’s stock worth $1,833,000 after buying an additional 130,696 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of fuboTV by 77.4% in the fourth quarter. NewEdge Advisors LLC now owns 89,101 shares of the company’s stock valued at $225,000 after buying an additional 38,874 shares during the period. VARCOV Co. acquired a new stake in shares of fuboTV in the fourth quarter valued at $261,000. Finally, Tudor Investment Corp ET AL bought a new position in fuboTV during the fourth quarter valued at about $2,481,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at fuboTV

In other news, COO Alberto Horihuela sold 141,074 shares of fuboTV stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.38, for a total value of $1,464,348.12. Following the transaction, the chief operating officer directly owned 141,074 shares of the company’s stock, valued at $1,464,348.12. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.30% of the stock is currently owned by company insiders.

fuboTV Stock Down 4.1%

Shares of fuboTV stock opened at $8.84 on Tuesday. fuboTV Inc. has a 12-month low of $8.31 and a 12-month high of $56.64. The firm has a market capitalization of $260.37 million, a PE ratio of -6.96 and a beta of 2.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $10.63 and its 200-day moving average is $18.40.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.28. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. fuboTV had a negative return on equity of 5.52% and a negative net margin of 0.90%.fuboTV’s revenue for the quarter was up 278.1% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. Equities analysts anticipate that fuboTV Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen lowered fuboTV from a “hold” rating to a “sell” rating in a report on Sunday. Evercore began coverage on shares of fuboTV in a research report on Friday, May 1st. They set an “outperform” rating and a $18.00 price objective for the company. B. Riley Financial started coverage on shares of fuboTV in a research note on Friday, March 27th. They issued a “buy” rating and a $18.00 price objective on the stock. Barrington Research reiterated an “outperform” rating and issued a $16.00 target price on shares of fuboTV in a report on Thursday, June 11th. Finally, Weiss Ratings raised shares of fuboTV from a “sell (e-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.83.

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.