BNP Paribas Financial Markets Makes New $55,000 Investment in FuboTV Inc. (NYSE:FUBO)

BNP Paribas Financial Markets purchased a new position in shares of FuboTV Inc. (NYSE:FUBO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 43,292 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Xponance Inc. grew its stake in FuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after acquiring an additional 3,689 shares during the last quarter. Raymond James Financial Inc. purchased a new position in FuboTV in the fourth quarter valued at approximately $35,000. Cibc World Markets Corp purchased a new position in FuboTV in the fourth quarter valued at approximately $38,000. Marathon Trading Investment Management LLC purchased a new stake in shares of FuboTV during the fourth quarter valued at approximately $40,000. Finally, RPO LLC purchased a new stake in shares of FuboTV during the fourth quarter valued at approximately $48,000. 39.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FUBO has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their price target on shares of FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research report on Monday, May 5th. UBS Group set a $3.50 price objective on shares of FuboTV in a research note on Monday, March 3rd. Finally, Wedbush dropped their price target on shares of FuboTV from $6.40 to $5.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.06.

FuboTV Stock Performance

FuboTV stock opened at $3.56 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a fifty day moving average price of $3.00 and a two-hundred day moving average price of $2.94. FuboTV Inc. has a 52-week low of $1.10 and a 52-week high of $6.45. The firm has a market capitalization of $1.21 billion, a P/E ratio of -5.31 and a beta of 2.19.

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.