Dynamic Technology Lab Private Ltd Has $404,000 Holdings in fuboTV Inc. $FUBO

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in fuboTV Inc. by 174.6%, owning 138,300 shares valued at $404,000 after purchasing an additional 87,933 shares in the first quarter.
• Shares of fuboTV (NYSE: FUBO) opened at $4.15, with a twelve-month low of $1.21 and a high of $6.45, and the company has a current market capitalization of $1.42 billion.
• Recent analyst ratings show a mix of sentiment towards fuboTV, with an average rating of "Buy" and a consensus target price of $4.63.

Dynamic Technology Lab Private Ltd boosted its holdings in shares of fuboTV Inc. (NYSE:FUBO - Free Report) by 174.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,300 shares of the company's stock after purchasing an additional 87,933 shares during the period. Dynamic Technology Lab Private Ltd's holdings in fuboTV were worth $404,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Wealthcare Advisory Partners LLC acquired a new stake in shares of fuboTV in the first quarter valued at $34,000. Cresset Asset Management LLC acquired a new position in fuboTV during the 1st quarter worth about $38,000. Valeo Financial Advisors LLC bought a new stake in fuboTV during the 1st quarter worth about $45,000. Wealthspan Partners LLC acquired a new stake in fuboTV in the 1st quarter valued at about $48,000. Finally, Wealth Management Partners LLC bought a new position in shares of fuboTV in the first quarter worth about $53,000. Institutional investors own 39.31% of the company's stock.

fuboTV Price Performance

Shares of FUBO opened at $4.15 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.47. fuboTV Inc. has a twelve month low of $1.21 and a twelve month high of $6.45. The stock has a market capitalization of $1.42 billion, a P/E ratio of 15.96 and a beta of 2.36. The company has a 50 day moving average of $3.65 and a 200-day moving average of $3.31.

Analyst Ratings Changes

FUBO has been the subject of a number of recent research reports. Wedbush restated an "outperform" rating and set a $6.00 target price (up previously from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of fuboTV from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Needham & Company LLC raised their target price on shares of fuboTV from $3.00 to $4.25 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $4.63.

Insider Activity

In related news, Director Ignacio Figueras sold 66,061 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $4.26, for a total value of $281,419.86. Following the transaction, the director owned 402,009 shares in the company, valued at approximately $1,712,558.34. This represents a 14.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura Diane Onopchenko sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $3.92, for a total value of $392,000.00. Following the completion of the transaction, the director directly owned 283,070 shares in the company, valued at $1,109,634.40. The trade was a 26.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,849 shares of company stock valued at $1,660,612 in the last ninety days. Corporate insiders own 5.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.