Creative Planning Decreases Stake in FuboTV Inc. (NYSE:FUBO)

Creative Planning reduced its holdings in FuboTV Inc. (NYSE:FUBO) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,394 shares of the company’s stock after selling 23,701 shares during the period. Creative Planning’s holdings in FuboTV were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FUBO. Algert Global LLC purchased a new position in FuboTV during the second quarter worth about $37,000. Public Employees Retirement System of Ohio purchased a new position in FuboTV during the first quarter worth about $44,000. Arkadios Wealth Advisors purchased a new position in FuboTV during the second quarter worth about $76,000. Canada Pension Plan Investment Board purchased a new position in FuboTV during the second quarter worth about $92,000. Finally, EntryPoint Capital LLC purchased a new position in FuboTV during the first quarter worth about $140,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

FuboTV Stock Performance

NYSE FUBO opened at $1.48 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a 52-week low of $1.10 and a 52-week high of $3.82. The business’s 50-day moving average price is $1.57 and its 200 day moving average price is $1.44. The firm has a market cap of $494.45 million, a P/E ratio of -2.21 and a beta of 1.76.

Insider Activity

In related news, Director Neil Glat acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $35,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FUBO. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Seaport Res Ptn lowered FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Four 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.88.

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.