Invesco Ltd. Increases Position in FuboTV Inc. (NYSE:FUBO)

Invesco Ltd. boosted its position in FuboTV Inc. (NYSE:FUBO) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 487,104 shares of the company’s stock after acquiring an additional 8,475 shares during the period. Invesco Ltd. owned about 0.15% of FuboTV worth $614,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Xponance Inc. grew its position in shares of FuboTV by 19.1% in the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after purchasing an additional 3,689 shares during the period. Raymond James Financial Inc. acquired a new stake in FuboTV in the 4th quarter worth about $35,000. EWG Elevate Inc. grew its holdings in FuboTV by 50.0% in the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares during the period. Cibc World Markets Corp purchased a new stake in FuboTV in the 4th quarter valued at about $38,000. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of FuboTV during the 4th quarter valued at about $40,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FUBO has been the subject of a number of recent analyst reports. Roth Mkm restated a “neutral” rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Needham & Company LLC increased their target price on FuboTV from $2.00 to $3.50 and gave the stock a “buy” rating in a research report on Monday, March 3rd. UBS Group set a $3.50 price target on FuboTV in a research report on Monday, March 3rd. Finally, Wedbush restated an “outperform” rating and set a $6.40 price target on shares of FuboTV in a research note on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.54.

Insider Transactions at FuboTV

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

FuboTV Stock Down 17.7 %

Shares of FuboTV stock opened at $2.41 on Friday. The company has a fifty day moving average price of $3.00 and a 200 day moving average price of $2.70. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45. The stock has a market cap of $822.96 million, a price-to-earnings ratio of -3.60 and a beta of 2.22.

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.