Canada Pension Plan Investment Board Invests $92,000 in FuboTV Inc. (NYSE:FUBO)

Canada Pension Plan Investment Board purchased a new position in shares of FuboTV Inc. (NYSE:FUBO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,100 shares of the company’s stock, valued at approximately $92,000.

Several other institutional investors also recently modified their holdings of FUBO. Quadrature Capital Ltd increased its holdings in shares of FuboTV by 528.5% during the first quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company’s stock worth $1,882,000 after buying an additional 1,005,002 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in FuboTV in the first quarter valued at $618,000. Susquehanna Fundamental Investments LLC acquired a new stake in FuboTV in the first quarter valued at $313,000. Bank of New York Mellon Corp increased its holdings in FuboTV by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after purchasing an additional 127,978 shares during the period. Finally, XTX Topco Ltd increased its holdings in FuboTV by 145.1% in the second quarter. XTX Topco Ltd now owns 187,926 shares of the company’s stock valued at $233,000 after purchasing an additional 111,268 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

FuboTV Price Performance

FUBO stock opened at $1.46 on Monday. The stock has a market capitalization of $437.82 million, a PE ratio of -1.64 and a beta of 1.81. The company’s 50-day moving average is $1.56 and its 200-day moving average is $1.43. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.60 and a quick ratio of 0.60. FuboTV Inc. has a 1 year low of $1.10 and a 1 year high of $3.82.

FuboTV (NYSE:FUBO) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $389.22 million for the quarter, compared to analysts’ expectations of $369.47 million. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. Equities research analysts expect that FuboTV Inc. will post -0.51 EPS for the current fiscal year.

Insider Transactions at FuboTV

In related news, Director Neil Glat acquired 25,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $1.42 per share, with a total value of $35,500.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $35,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FUBO shares. Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a report on Monday, August 19th. Barrington Research restated a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Finally, Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.88.

FuboTV 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.