Marshall Wace LLP Buys 4,461,707 Shares of FuboTV Inc. (NYSE:FUBO)

Marshall Wace LLP grew its stake in FuboTV Inc. (NYSE:FUBO - Free Report) by 114.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,373,543 shares of the company's stock after purchasing an additional 4,461,707 shares during the quarter. Marshall Wace LLP owned approximately 2.79% of FuboTV worth $10,383,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of FuboTV by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,259,363 shares of the company's stock valued at $7,185,000 after buying an additional 22,762 shares in the last quarter. Capstone Investment Advisors LLC raised its stake in FuboTV by 15.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company's stock valued at $376,000 after purchasing an additional 15,666 shares in the last quarter. Quadrature Capital Ltd increased its holdings in FuboTV by 144.4% in the 4th quarter. Quadrature Capital Ltd now owns 190,161 shares of the company's stock valued at $605,000 after buying an additional 112,361 shares during the period. Precision Wealth Strategies LLC acquired a new position in shares of FuboTV in the 1st quarter valued at approximately $93,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of FuboTV during the 1st quarter worth approximately $313,000. 39.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FUBO. Needham & Company LLC reiterated a "buy" rating and set a $2.00 price target on shares of FuboTV in a research report on Monday, August 19th. Barrington Research reiterated a "market perform" rating on shares of FuboTV in a research report on Tuesday, August 20th. Finally, Seaport Res Ptn lowered shares of FuboTV from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $2.88.

Remove Ads

FuboTV Price Performance

NYSE:FUBO traded up $0.04 on Friday, hitting $1.46. The company had a trading volume of 7,336,134 shares, compared to its average volume of 10,866,908. The stock has a market capitalization of $437.82 million, a price-to-earnings ratio of -1.64 and a beta of 1.81. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average of $1.56 and a two-hundred day moving average of $1.43. FuboTV Inc. has a 52 week low of $1.10 and a 52 week high of $3.82.

FuboTV (NYSE:FUBO - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $389.22 million during the quarter, compared to the consensus estimate of $369.47 million. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. On average, research analysts anticipate that FuboTV Inc. will post -0.51 earnings per share for the current year.

Insider Transactions at FuboTV

In other news, Director Neil Glat bought 25,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at $35,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by company insiders.

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.