Quadrature Capital Ltd Grows Stock Holdings in fuboTV Inc. (NYSE:FUBO)

Quadrature Capital Ltd increased its stake in shares of fuboTV Inc. (NYSE:FUBO) by 528.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,195,163 shares of the company’s stock after buying an additional 1,005,002 shares during the quarter. Quadrature Capital Ltd owned about 0.40% of fuboTV worth $1,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC purchased a new stake in fuboTV in the 1st quarter valued at approximately $27,000. Power Wealth Management LLC purchased a new stake in fuboTV in the 4th quarter valued at approximately $34,000. DekaBank Deutsche Girozentrale purchased a new stake in fuboTV in the 4th quarter valued at approximately $36,000. AJOVista LLC purchased a new stake in fuboTV in the 4th quarter valued at approximately $84,000. Finally, Precision Wealth Strategies LLC purchased a new stake in fuboTV in the 1st quarter valued at approximately $93,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

fuboTV Price Performance

Shares of fuboTV stock traded up $0.03 during trading on Friday, hitting $1.48. 5,948,469 shares of the company were exchanged, compared to its average volume of 8,044,413. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.61. fuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $3.87. The stock has a market capitalization of $443.82 million, a price-to-earnings ratio of -1.66 and a beta of 1.78. The firm has a 50 day moving average price of $1.27 and a 200 day moving average price of $1.64.

fuboTV (NYSE:FUBO) last issued its quarterly earnings data on Friday, May 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.05. fuboTV had a negative return on equity of 72.13% and a negative net margin of 17.97%. The firm had revenue of $402.35 million during the quarter, compared to the consensus estimate of $381.95 million. On average, equities analysts expect that fuboTV Inc. will post -0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FUBO has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2.90 price objective on shares of fuboTV in a report on Wednesday, May 1st. Needham & Company LLC lowered their price objective on fuboTV from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, July 5th. Finally, Wedbush reissued an “outperform” rating and set a $5.00 price target on shares of fuboTV in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2.90.

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.