fuboTV Inc. (NYSE:FUBO) Shares Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd boosted its holdings in fuboTV Inc. (NYSE:FUBO) by 528.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,195,163 shares of the company’s stock after buying an additional 1,005,002 shares during the quarter. Quadrature Capital Ltd’s holdings in fuboTV were worth $1,882,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in fuboTV by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,259,363 shares of the company’s stock worth $7,185,000 after buying an additional 22,762 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in fuboTV in the fourth quarter worth approximately $833,000. SG Americas Securities LLC grew its position in fuboTV by 26.7% in the fourth quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock worth $732,000 after buying an additional 48,431 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in fuboTV in the first quarter worth approximately $313,000. Finally, Capstone Investment Advisors LLC grew its position in fuboTV by 15.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock worth $376,000 after buying an additional 15,666 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Stock Up 2.1 %

Shares of NYSE:FUBO traded up $0.03 during trading on Friday, reaching $1.48. 5,948,469 shares of the company traded hands, compared to its average volume of 8,044,413. The firm has a fifty day simple moving average of $1.27 and a 200 day simple moving average of $1.64. The firm has a market cap of $443.82 million, a P/E ratio of -1.66 and a beta of 1.78. fuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $3.87. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.61.

fuboTV (NYSE:FUBO) last issued its earnings results on Friday, May 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. The company had revenue of $402.35 million during the quarter, compared to analyst estimates of $381.95 million. fuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. Analysts anticipate that fuboTV Inc. will post -0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FUBO. Wedbush reiterated an “outperform” rating and set a $5.00 price objective on shares of fuboTV in a research report on Wednesday, May 1st. Needham & Company LLC lowered their price objective on shares of fuboTV from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday, July 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $2.90 price objective on shares of fuboTV in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, fuboTV presently has an average rating of “Moderate Buy” and a consensus price target of $2.90.

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.