Teacher Retirement System of Texas Makes New $266,000 Investment in fuboTV Inc. (NYSE:FUBO)

Teacher Retirement System of Texas purchased a new stake in fuboTV Inc. (NYSE:FUBO) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 91,193 shares of the company’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of fuboTV by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company’s stock valued at $1,146,000 after buying an additional 61,995 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in fuboTV by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company’s stock worth $3,486,000 after purchasing an additional 177,710 shares during the period. Raymond James Financial Inc. bought a new position in fuboTV during the fourth quarter worth about $35,000. Swiss National Bank lifted its stake in fuboTV by 10.7% during the fourth quarter. Swiss National Bank now owns 647,800 shares of the company’s stock worth $816,000 after purchasing an additional 62,500 shares during the period. Finally, Cibc World Markets Corp bought a new position in fuboTV during the fourth quarter worth about $38,000. 39.31% of the stock is owned by institutional investors and hedge funds.

fuboTV Price Performance

Shares of FUBO stock opened at $3.35 on Friday. fuboTV Inc. has a 12-month low of $1.15 and a 12-month high of $6.45. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.75 and a beta of 2.22. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $3.39 and a 200-day moving average of $3.39.

Wall Street Analysts Forecast Growth

FUBO has been the subject of a number of research analyst reports. Needham & Company LLC cut their target price on shares of fuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Wedbush upgraded shares of fuboTV to a “strong-buy” rating in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.06.

fuboTV Company 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.