Polymer Capital Management US LLC Invests $193,000 in FuboTV Inc. (NYSE:FUBO)

Polymer Capital Management US LLC bought a new position in FuboTV Inc. (NYSE:FUBO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 153,498 shares of the company's stock, valued at approximately $193,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FUBO. Xponance Inc. grew its position in FuboTV by 19.1% during the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock worth $29,000 after purchasing an additional 3,689 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of FuboTV during the fourth quarter valued at $35,000. EWG Elevate Inc. raised its position in FuboTV by 50.0% during the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock valued at $38,000 after buying an additional 10,000 shares during the period. Cibc World Markets Corp purchased a new stake in FuboTV in the 4th quarter worth about $38,000. Finally, Marathon Trading Investment Management LLC acquired a new stake in FuboTV during the 4th quarter worth about $40,000. 39.31% of the stock is owned by institutional investors and hedge funds.

FuboTV Price Performance

FuboTV stock traded up $0.10 during mid-day trading on Monday, hitting $2.95. 4,625,799 shares of the company were exchanged, compared to its average volume of 18,985,257. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $3.30 and a 200 day moving average of $2.57. The company has a market capitalization of $1.01 billion, a PE ratio of -4.40 and a beta of 2.22.

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Insider Transactions at FuboTV

In related news, CFO John Janedis sold 25,823 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on FUBO shares. Huber Research upgraded FuboTV to a "strong-buy" rating in a report on Friday, January 31st. Needham & Company LLC lifted their price target on FuboTV from $2.00 to $3.50 and gave the company a "buy" rating in a report on Monday, March 3rd. Roth Mkm restated a "neutral" rating and issued a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. UBS Group set a $3.50 target price on shares of FuboTV in a research report on Monday, March 3rd. Finally, Wedbush restated an "outperform" rating and set a $6.40 price target on shares of FuboTV in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.21.

FuboTV Company Profile

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.