Principal Financial Group Inc. Grows Position in fuboTV Inc. (NYSE:FUBO)

Principal Financial Group Inc. boosted its stake in fuboTV Inc. (NYSE:FUBO) by 23.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,468 shares of the company’s stock after purchasing an additional 4,239 shares during the quarter. Principal Financial Group Inc.’s holdings in fuboTV were worth $66,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FUBO. The Manufacturers Life Insurance Company raised its holdings in fuboTV by 2.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company’s stock worth $138,000 after buying an additional 2,668 shares during the period. Corebridge Financial Inc. raised its stake in shares of fuboTV by 2.1% in the 4th quarter. Corebridge Financial Inc. now owns 160,328 shares of the company’s stock valued at $202,000 after buying an additional 3,321 shares in the last quarter. Xponance Inc. increased its position in shares of fuboTV by 19.1% during the 4th 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. Invesco Ltd. increased its position in fuboTV by 1.8% in the 4th quarter. Invesco Ltd. now owns 487,104 shares of the company’s stock valued at $614,000 after acquiring an additional 8,475 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in fuboTV in the first quarter worth about $34,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

fuboTV Stock Performance

NYSE FUBO opened at $3.33 on Tuesday. The business’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.41. fuboTV Inc. has a 52-week low of $1.15 and a 52-week high of $6.45. 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 market cap of $1.14 billion, a P/E ratio of 16.63 and a beta of 2.22.

Analyst Ratings Changes

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

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.