fuboTV Inc. (NYSE:FUBO) Shares Sold by QCM Cayman Ltd.

QCM Cayman Ltd. trimmed its holdings in shares of fuboTV Inc. (NYSE:FUBO) by 48.9% in the fourth quarter, Holdings Channel reports. The firm owned 10,078 shares of the company’s stock after selling 9,631 shares during the period. fuboTV comprises 1.7% of QCM Cayman Ltd.’s investment portfolio, making the stock its 9th largest holding. QCM Cayman Ltd.’s holdings in fuboTV were worth $32,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in fuboTV in the 4th quarter valued at about $36,000. Raymond James & Associates grew its position in fuboTV by 224.1% in the 4th quarter. Raymond James & Associates now owns 56,687 shares of the company’s stock valued at $180,000 after acquiring an additional 39,194 shares in the last quarter. SG Americas Securities LLC grew its position in fuboTV by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock valued at $732,000 after acquiring an additional 48,431 shares in the last quarter. Quadrature Capital Ltd grew its position in fuboTV by 29.8% in the 3rd quarter. Quadrature Capital Ltd now owns 77,800 shares of the company’s stock valued at $209,000 after acquiring an additional 17,855 shares in the last quarter. Finally, First Heartland Consultants Inc. grew its position in fuboTV by 30.1% in the 3rd quarter. First Heartland Consultants Inc. now owns 20,974 shares of the company’s stock valued at $56,000 after acquiring an additional 4,853 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

fuboTV Stock Up 6.7 %

FUBO stock traded up $0.09 during trading on Tuesday, hitting $1.43. 11,534,539 shares of the company’s stock were exchanged, compared to its average volume of 10,685,002. The stock has a market capitalization of $428.29 million, a price-to-earnings ratio of -1.30 and a beta of 1.99. fuboTV Inc. has a 52-week low of $1.03 and a 52-week high of $3.87. The business has a 50-day moving average price of $1.67 and a two-hundred day moving average price of $2.42. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.38.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Friday, March 1st. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.08. The company had revenue of $410.18 million for the quarter, compared to analyst estimates of $397.37 million. fuboTV had a negative return on equity of 72.09% and a negative net margin of 21.01%. As a group, equities research analysts expect that fuboTV Inc. will post -0.68 EPS for the current year.

Insider Buying and Selling

In other fuboTV news, CFO John Janedis sold 18,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1.90, for a total transaction of $34,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FUBO. Wedbush reiterated an “outperform” rating and issued a $5.00 price objective on shares of fuboTV in a research note on Monday, March 4th. Roth Mkm decreased their price objective on fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Needham & Company LLC decreased their target price on fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Evercore ISI decreased their target price on fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a research note on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3.42.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.