Raymond James Financial Inc. Buys Shares of 27,487 FuboTV Inc. (NYSE:FUBO)

Raymond James Financial Inc. bought a new position in FuboTV Inc. (NYSE:FUBO) in the fourth quarter, Holdings Channel.com reports. The fund bought 27,487 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in FuboTV by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock valued at $23,532,000 after acquiring an additional 1,377,663 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of FuboTV by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company’s stock worth $9,412,000 after purchasing an additional 365,827 shares during the period. Renaissance Technologies LLC grew its position in FuboTV by 45.1% during the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock valued at $5,449,000 after purchasing an additional 1,344,956 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in FuboTV by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company’s stock valued at $3,486,000 after buying an additional 177,710 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in FuboTV by 7.3% in the 4th quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company’s stock worth $1,146,000 after buying an additional 61,995 shares in the last quarter. 39.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

FuboTV Price Performance

FUBO opened at $2.96 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $1.01 billion, a P/E ratio of -4.42 and a beta of 2.19. The company’s 50 day simple moving average is $2.93 and its 200-day simple moving average is $2.76. FuboTV Inc. has a one year low of $1.10 and a one year high of $6.45.

Insider Activity

In related news, CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.30% of the stock is currently owned by company insiders.

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.