Raymond James Financial Inc. Makes New Investment in FuboTV Inc. (NYSE:FUBO)

Raymond James Financial Inc. bought a new stake in shares of FuboTV Inc. (NYSE:FUBO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 27,487 shares of the company’s stock, valued at approximately $35,000.

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after buying an additional 200,154 shares in the last quarter. FMR LLC grew its stake in shares of FuboTV by 84.5% in the third quarter. FMR LLC now owns 101,914 shares of the company’s stock worth $145,000 after acquiring an additional 46,670 shares during the last quarter. State Street Corp increased its holdings in shares of FuboTV by 1.9% during the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after acquiring an additional 132,167 shares in the last quarter. Barclays PLC raised its position in shares of FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after purchasing an additional 688,625 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after purchasing an additional 425,906 shares in the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

FuboTV Stock Up 3.1 %

Shares of FuboTV stock opened at $2.85 on Monday. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $3.30 and its 200 day moving average is $2.57. The company has a market cap of $971.50 million, a price-to-earnings ratio of -4.25 and a beta of 2.22.

Analysts Set New Price Targets

A number of research firms have weighed in on FUBO. Roth Mkm restated a “neutral” rating and set a $4.75 price objective (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. UBS Group set a $3.50 price objective on shares of FuboTV in a report on Monday, March 3rd. Wedbush reiterated an “outperform” rating and set a $6.40 target price on shares of FuboTV in a research note on Friday, February 28th. Finally, Needham & Company LLC lifted their target price on FuboTV from $2.00 to $3.50 and gave the stock a “buy” rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.21.

Insider Buying and Selling at FuboTV

In other FuboTV news, CFO John Janedis sold 25,823 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total transaction of $107,423.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.00% of the company’s stock.

About FuboTV

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.