Dynamic Technology Lab Private Ltd Has $54,000 Stake in FuboTV Inc. (NYSE:FUBO)

Dynamic Technology Lab Private Ltd decreased its holdings in shares of FuboTV Inc. (NYSE:FUBO) by 29.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,031 shares of the company’s stock after selling 15,906 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in FuboTV were worth $54,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares during the last quarter. Millennium Management LLC boosted its stake in FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after acquiring an additional 2,742,780 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after acquiring an additional 200,154 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in FuboTV by 13.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock worth $1,330,000 after acquiring an additional 127,978 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in FuboTV by 145.1% during the 2nd quarter. XTX Topco Ltd now owns 187,926 shares of the company’s stock worth $233,000 after acquiring an additional 111,268 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FUBO. Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 price target on shares of FuboTV in a research note on Monday, August 19th. Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FuboTV currently has a consensus rating of “Hold” and an average target price of $2.88.

Insider Activity

In related news, COO Alberto Horihuela sold 47,478 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the transaction, the chief operating officer now directly owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Janedis sold 74,326 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $109,259.22. Following the transaction, the chief financial officer now owns 76,766 shares in the company, valued at approximately $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

FuboTV Price Performance

NYSE FUBO opened at $1.70 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a 12-month low of $1.10 and a 12-month high of $3.82. The company has a market capitalization of $566.28 million, a PE ratio of -2.53 and a beta of 1.74. The firm’s 50 day moving average is $1.53 and its 200-day moving average is $1.46.

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.