Cibc World Markets Corp Makes New $38,000 Investment in FuboTV Inc. (NYSE:FUBO)

Cibc World Markets Corp bought a new stake in FuboTV Inc. (NYSE:FUBO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,180 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently made changes to their positions in FUBO. Barclays PLC raised its stake in FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after acquiring an additional 688,625 shares during the period. Geode Capital Management LLC increased its stake in shares of FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after purchasing an additional 425,906 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares in the last quarter. State Street Corp raised its position in shares of FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after purchasing an additional 132,167 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of FuboTV during the 3rd quarter valued at approximately $152,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FUBO shares. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a research note 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 research report on Monday, March 3rd. Roth Mkm reiterated a “neutral” rating and set a $4.75 price objective (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Wedbush restated an “outperform” rating and issued a $6.40 target price on shares of FuboTV in a research note on Friday, February 28th. Finally, UBS Group set a $3.50 price target on FuboTV in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, FuboTV presently has an average rating of “Moderate Buy” and a consensus target price of $4.21.

Insider Buying and Selling

In other FuboTV news, COO Alberto Horihuela sold 403,847 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the sale, the chief operating officer now owns 1,449,751 shares in the company, valued at $8,741,998.53. This trade represents a 21.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,861,426 shares of company stock worth $9,721,411. Insiders own 7.00% of the company’s stock.

FuboTV Price Performance

Shares of NYSE FUBO opened at $2.91 on Friday. The firm has a market capitalization of $991.99 million, a P/E ratio of -4.34 and a beta of 2.02. 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 stock’s 50-day simple moving average is $3.57 and its two-hundred day simple moving average is $2.45. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45.

About FuboTV

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.