Balyasny Asset Management L.P. Takes $36,000 Position in FuboTV Inc. (NYSE:FUBO)

Balyasny Asset Management L.P. purchased a new stake in shares of FuboTV Inc. (NYSE:FUBO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 28,380 shares of the company’s stock, valued at approximately $36,000.

A number of other large investors have also recently added to or reduced their stakes in FUBO. Xponance Inc. raised its position in 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. purchased a new stake in FuboTV in the 4th quarter valued at about $35,000. Cibc World Markets Corp acquired a new position in FuboTV in the fourth quarter valued at about $38,000. Marathon Trading Investment Management LLC purchased a new position in FuboTV during the fourth quarter worth about $40,000. Finally, Integrity Wealth Solutions LLC purchased a new position in FuboTV during the fourth quarter worth about $47,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO John Janedis sold 25,823 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.30% of the stock is currently owned by insiders.

FuboTV Price Performance

Shares of FUBO opened at $3.35 on Tuesday. The company has a market cap of $1.14 billion, a P/E ratio of -5.00 and a beta of 2.19. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week 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 firm’s 50 day moving average price is $2.94 and its 200 day moving average price is $2.81.

Analysts Set New Price Targets

FUBO has been the topic of a number of research analyst reports. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. UBS Group set a $3.50 target price on FuboTV in a research report on Monday, March 3rd. Needham & Company LLC lowered their price target on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Finally, Wedbush dropped their price objective on FuboTV from $6.40 to $5.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.06.

FuboTV Profile

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.