Principal Financial Group Inc. Has $2.41 Million Position in fuboTV Inc. $FUBO

Principal Financial Group Inc. lifted its position in shares of fuboTV Inc. (NYSE:FUBO) by 2,342.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 579,749 shares of the company’s stock after acquiring an additional 556,012 shares during the period. Principal Financial Group Inc. owned approximately 0.17% of fuboTV worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jump Financial LLC lifted its stake in fuboTV by 189.6% during the second quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock worth $14,364,000 after purchasing an additional 2,436,479 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of fuboTV by 609.2% during the 2nd quarter. Franklin Resources Inc. now owns 320,499 shares of the company’s stock worth $1,237,000 after buying an additional 275,309 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of fuboTV by 177.0% during the 2nd quarter. Quadrature Capital Ltd now owns 357,608 shares of the company’s stock worth $1,377,000 after buying an additional 228,488 shares during the last quarter. HRT Financial LP boosted its stake in fuboTV by 52.2% in the second quarter. HRT Financial LP now owns 442,096 shares of the company’s stock valued at $1,706,000 after buying an additional 151,710 shares in the last quarter. Finally, GAM Holding AG bought a new position in fuboTV in the third quarter valued at about $622,000. 39.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of fuboTV from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Needham & Company LLC dropped their price objective on shares of fuboTV from $4.25 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Zacks Research cut shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Wedbush lowered their price target on shares of fuboTV from $5.00 to $3.50 and set an “outperform” rating for the company in a report on Thursday, February 5th. Finally, Raymond James Financial initiated coverage on fuboTV in a research note on Monday, December 1st. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, fuboTV currently has an average rating of “Hold” and a consensus target price of $3.33.

fuboTV Price Performance

Shares of NYSE:FUBO opened at $1.35 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. fuboTV Inc. has a 52 week low of $1.31 and a 52 week high of $4.72. The firm has a market cap of $474.39 million, a PE ratio of 2.99 and a beta of 2.04. The firm’s fifty day moving average is $2.35 and its 200-day moving average is $3.22.

fuboTV (NYSE:FUBO) last announced its earnings results on Tuesday, February 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). fuboTV had a negative return on equity of 9.67% and a net margin of 5.72%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. Sell-side analysts predict that fuboTV Inc. will post -0.51 earnings per share for the current year.

Insider Activity at fuboTV

In other news, CEO David Gandler sold 170,279 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $2.55, for a total transaction of $434,211.45. Following the completion of the sale, the chief executive officer directly owned 561,428 shares in the company, valued at $1,431,641.40. This represents a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Alberto Horihuela sold 138,753 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $3.16, for a total transaction of $438,459.48. Following the completion of the transaction, the chief operating officer owned 1,563,830 shares in the company, valued at approximately $4,941,702.80. The trade was a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 610,095 shares of company stock worth $1,818,811 over the last ninety days. Insiders own 5.30% of the company’s stock.

fuboTV Company Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.