Arizona State Retirement System Buys 9,230 Shares of FuboTV Inc. (NYSE:FUBO)

Arizona State Retirement System boosted its stake in shares of FuboTV Inc. (NYSE:FUBO) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,578 shares of the company’s stock after buying an additional 9,230 shares during the quarter. Arizona State Retirement System’s holdings in FuboTV were worth $120,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EWG Elevate Inc. lifted its holdings 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 purchasing an additional 10,000 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after purchasing an additional 12,431 shares during the last quarter. Rhumbline Advisers raised its stake in shares of FuboTV by 6.3% during the fourth quarter. Rhumbline Advisers now owns 507,824 shares of the company’s stock worth $640,000 after acquiring an additional 29,908 shares in the last quarter. Integrity Wealth Solutions LLC purchased a new position in shares of FuboTV during the fourth quarter worth approximately $47,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of FuboTV during the fourth quarter worth approximately $57,000. Institutional investors own 39.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Needham & Company LLC lifted their price target on shares of FuboTV from $2.00 to $3.50 and gave the stock a “buy” rating in a research note on Monday, March 3rd. UBS Group set a $3.50 price target on shares of FuboTV in a research note on Monday, March 3rd. Wedbush reaffirmed an “outperform” rating and issued a $6.40 target price on shares of FuboTV in a research note on Friday, February 28th. Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Finally, Huber Research raised shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, FuboTV presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.21.

Insider Buying and Selling

In related news, CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the transaction, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. The trade was a 80.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Janedis sold 25,823 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total transaction of $107,423.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,861,426 shares of company stock worth $9,721,411 in the last quarter. Corporate insiders own 7.00% of the company’s stock.

FuboTV Stock Performance

Shares of FUBO stock opened at $3.18 on Monday. 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 $1.08 billion, a PE ratio of -4.74 and a beta of 2.02. 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’s fifty day moving average price is $3.87 and its 200-day moving average price is $2.36.

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.