Cetera Investment Advisers Sells 29,534 Shares of FuboTV Inc. (NYSE:FUBO)

Cetera Investment Advisers lowered its position in FuboTV Inc. (NYSE:FUBO) by 53.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,608 shares of the company’s stock after selling 29,534 shares during the quarter. Cetera Investment Advisers’ holdings in FuboTV were worth $32,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Xponance Inc. grew its stake in FuboTV by 19.1% in the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock worth $29,000 after purchasing an additional 3,689 shares in the last quarter. Raymond James Financial Inc. bought a new stake in FuboTV during the 4th quarter valued at $35,000. Balyasny Asset Management L.P. bought a new stake in FuboTV during the 4th quarter valued at $36,000. Cibc World Markets Corp bought a new stake in FuboTV during the 4th quarter valued at $38,000. Finally, Marathon Trading Investment Management LLC bought a new stake in FuboTV during the 4th quarter valued at $40,000. Institutional investors own 39.31% of the company’s stock.

FuboTV Stock Performance

Shares of FUBO opened at $3.56 on Tuesday. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $6.45. The stock has a fifty day moving average price of $3.00 and a 200-day moving average price of $2.94. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $1.21 billion, a PE ratio of -5.31 and a beta of 2.19.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group set a $3.50 target price on FuboTV in a research report on Monday, March 3rd. Needham & Company LLC decreased their price objective on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a report on Monday, May 5th. Finally, Wedbush decreased their price objective on FuboTV from $6.40 to $5.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.