Hibernia Wealth Partners LLC Buys Shares of 19,354 FuboTV Inc. (NYSE:FUBO)

Hibernia Wealth Partners LLC purchased a new position in shares of FuboTV Inc. (NYSE:FUBO) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 19,354 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP lifted its holdings in FuboTV by 114.1% in the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after purchasing an additional 4,461,707 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after buying an additional 2,742,780 shares during the period. Quadrature Capital Ltd raised its holdings in FuboTV by 528.5% in the 1st quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company’s stock worth $1,882,000 after acquiring an additional 1,005,002 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in FuboTV during the 1st quarter worth $618,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in FuboTV during the 1st quarter worth $313,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

FuboTV Trading Down 2.5 %

FuboTV stock opened at $1.56 on Monday. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $3.82. The stock has a market cap of $467.81 million, a price-to-earnings ratio of -1.75 and a beta of 1.79. The business has a 50 day moving average price of $1.63 and a two-hundred day moving average price of $1.43. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.39.

FuboTV (NYSE:FUBO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. The firm had revenue of $389.22 million during the quarter, compared to analysts’ expectations of $369.47 million. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. As a group, equities analysts forecast that FuboTV Inc. will post -0.51 EPS for the current year.

Analyst Ratings Changes

FUBO has been the topic of a number of recent analyst reports. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Needham & Company LLC reiterated a “buy” rating and set a $2.00 price target on shares of FuboTV in a report on Monday, August 19th. Finally, Seaport Res Ptn downgraded shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.88.

Insider Activity at FuboTV

In other news, Director Neil Glat bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $1.42 per share, for a total transaction of $35,500.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $35,500. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by insiders.

About FuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.