Virtu Financial LLC Makes New Investment in FuboTV Inc. (NYSE:FUBO)

Virtu Financial LLC acquired a new position in FuboTV Inc. (NYSE:FUBO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 118,955 shares of the company's stock, valued at approximately $150,000.

Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. boosted its position in shares of FuboTV by 19.1% in 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. bought a new stake in FuboTV in the fourth quarter worth $35,000. EWG Elevate Inc. boosted its holdings in FuboTV by 50.0% in the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock worth $38,000 after acquiring an additional 10,000 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of FuboTV in the fourth quarter worth $38,000. Finally, Marathon Trading Investment Management LLC bought a new position in shares of FuboTV during the fourth quarter valued at $40,000. Institutional investors own 39.31% of the company's stock.

FuboTV Stock Performance

FUBO stock traded up $0.04 on Monday, hitting $2.94. The company had a trading volume of 13,220,319 shares, compared to its average volume of 18,639,782. The company has a current ratio of 0.54, a quick 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 $6.45. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -4.38 and a beta of 2.02. The stock's 50-day simple moving average is $3.57 and its 200 day simple moving average is $2.46.

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Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CFO John Janedis sold 25,823 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Alberto Horihuela sold 5,868 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the completion of the transaction, the chief operating officer now directly owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,861,426 shares of company stock valued at $9,721,411 in the last ninety days. 7.00% of the stock is currently owned by company insiders.

FuboTV 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.