Power Wealth Management LLC Takes Position in fuboTV Inc. (NYSE:FUBO)

Power Wealth Management LLC purchased a new stake in shares of fuboTV Inc. (NYSE:FUBO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,616 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its stake in fuboTV by 41.9% during the 3rd quarter. Pathstone Family Office LLC now owns 14,185 shares of the company’s stock valued at $38,000 after acquiring an additional 4,185 shares during the last quarter. Amalgamated Bank increased its holdings in fuboTV by 23.6% in the third quarter. Amalgamated Bank now owns 23,497 shares of the company’s stock valued at $63,000 after buying an additional 4,489 shares during the last quarter. Private Advisor Group LLC raised its stake in fuboTV by 17.9% during the third quarter. Private Advisor Group LLC now owns 31,690 shares of the company’s stock valued at $85,000 after buying an additional 4,809 shares in the last quarter. First Heartland Consultants Inc. grew its position in shares of fuboTV by 30.1% in the 3rd quarter. First Heartland Consultants Inc. now owns 20,974 shares of the company’s stock worth $56,000 after acquiring an additional 4,853 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of fuboTV by 43.6% in the 3rd quarter. Xponance Inc. now owns 16,906 shares of the company’s stock valued at $45,000 after acquiring an additional 5,135 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

fuboTV Price Performance

Shares of NYSE:FUBO traded down $0.18 during trading hours on Friday, hitting $1.37. 32,029,872 shares of the company’s stock traded hands, compared to its average volume of 7,049,267. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. The company’s fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $2.36. fuboTV Inc. has a 52 week low of $1.08 and a 52 week high of $3.87. The company has a market cap of $410.84 million, a price-to-earnings ratio of -1.29 and a beta of 2.07.

fuboTV (NYSE:FUBO) last released its quarterly earnings data on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.08. The business had revenue of $410.18 million during 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 analysts anticipate that fuboTV Inc. will post -0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Roth Mkm lowered their price objective on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $2.90 price target on shares of fuboTV in a research report on Wednesday. Evercore ISI cut their price target on fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a report on Monday, March 4th. Needham & Company LLC lowered their price objective 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, Wedbush reiterated an “outperform” rating and issued a $5.00 target price on shares of fuboTV in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, fuboTV currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.07.

Insider Activity at fuboTV

In other news, CFO John Janedis sold 18,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by insiders.

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.