42,500 Shares in FuboTV Inc. (NYSE:FUBO) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in shares of FuboTV Inc. (NYSE:FUBO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,500 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FUBO. Xponance Inc. raised its stake in FuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after purchasing an additional 3,689 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of FuboTV in the fourth quarter valued at about $35,000. EWG Elevate Inc. lifted its stake in shares of 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 buying an additional 10,000 shares in the last quarter. Cibc World Markets Corp acquired a new position in FuboTV during the fourth quarter worth about $38,000. Finally, Marathon Trading Investment Management LLC purchased a new stake in FuboTV during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Insider Buying and Selling at FuboTV

In other news, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

FUBO has been the topic of a number of research reports. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. UBS Group set a $3.50 price objective on FuboTV in a research report on Monday, March 3rd. Needham & Company LLC upped their target price on FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a report on Monday, March 3rd. Wedbush reiterated an “outperform” rating and set a $6.40 price target on shares of FuboTV in a report on Friday, February 28th. Finally, Roth Mkm reissued 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. 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’s stock. According to data from MarketBeat.com, FuboTV has an average rating of “Moderate Buy” and a consensus price target of $4.21.

FuboTV Stock Up 1.1 %

Shares of NYSE:FUBO opened at $2.88 on Tuesday. The business has a 50-day moving average price of $3.27 and a 200 day moving average price of $2.58. FuboTV Inc. has a 12-month low of $1.10 and a 12-month high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $983.45 million, a price-to-earnings ratio of -4.30 and a beta of 2.22.

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.