28,380 Shares in FuboTV Inc. (NYSE:FUBO) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new stake in FuboTV Inc. (NYSE:FUBO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,380 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Xponance Inc. boosted its holdings in shares of 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 buying an additional 3,689 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in FuboTV in the fourth quarter valued at $35,000. Cibc World Markets Corp acquired a new position in FuboTV in the fourth quarter valued at $38,000. Marathon Trading Investment Management LLC acquired a new position in FuboTV in the fourth quarter valued at $40,000. Finally, Integrity Wealth Solutions LLC purchased a new position in shares of FuboTV during the fourth quarter worth about $47,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

FuboTV Stock Performance

NYSE FUBO opened at $3.35 on Tuesday. The firm has a market cap of $1.14 billion, a P/E ratio of -5.00 and a beta of 2.19. FuboTV Inc. has a 52-week low of $1.10 and a 52-week high of $6.45. The business’s 50-day moving average price is $2.94 and its 200 day moving average price is $2.81. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FUBO shares. UBS Group set a $3.50 target price on FuboTV in a research report on Monday, March 3rd. Wedbush dropped their price target on FuboTV from $6.40 to $5.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Needham & Company LLC reduced their price objective on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Finally, Huber Research raised FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.06.

Insiders Place Their Bets

In other news, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction dated 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 filing with the SEC, which is available at this hyperlink. 5.30% of the stock is owned by 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.