FuboTV Inc. (NYSE:FUBO) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd increased its holdings in shares of FuboTV Inc. (NYSE:FUBO) by 145.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,926 shares of the company’s stock after acquiring an additional 111,268 shares during the quarter. XTX Topco Ltd owned about 0.06% of FuboTV worth $233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in FuboTV during the first quarter worth about $44,000. Precision Wealth Strategies LLC acquired a new position in FuboTV during the first quarter worth about $93,000. Arkadios Wealth Advisors acquired a new position in FuboTV during the second quarter worth about $76,000. EntryPoint Capital LLC acquired a new position in FuboTV during the first quarter worth about $140,000. Finally, Capstone Investment Advisors LLC boosted its position in FuboTV by 15.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock worth $376,000 after acquiring an additional 15,666 shares during the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FuboTV

In related news, Director Neil Glat acquired 25,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at approximately $35,500. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

FUBO has been the topic of several recent analyst reports. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 target price on shares of FuboTV in a report on Monday, August 19th. Finally, Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.88.

FuboTV Stock Performance

Shares of FUBO stock opened at $1.46 on Friday. The firm’s 50 day moving average price is $1.56 and its 200-day moving average price is $1.43. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.60 and a current ratio of 0.60. FuboTV Inc. has a one year low of $1.10 and a one year high of $3.82. The firm has a market cap of $437.82 million, a P/E ratio of -1.64 and a beta of 1.81.

FuboTV (NYSE:FUBO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. The firm had revenue of $389.22 million for the quarter, compared to analyst estimates of $369.47 million. As a group, equities research analysts predict that FuboTV Inc. will post -0.51 EPS for the current year.

About FuboTV

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.