160,000 Shares in fuboTV Inc. (NYSE:FUBO) Acquired by MASO CAPITAL PARTNERS Ltd

Key Points

• MASO CAPITAL PARTNERS Ltd has acquired a new position in fuboTV Inc., purchasing 160,000 shares valued at approximately $467,000, making it the firm’s 12th largest holding.
• fuboTV's stock has recently received upgrades from several analysts, including a target price increase from Wedbush to $6.00 and a consensus rating of "Moderate Buy".
• Insiders have been selling shares, with significant transactions reported by directors; one director sold 75,339 shares, and another sold 100,000 shares, indicating a decrease in their ownership stakes.

MASO CAPITAL PARTNERS Ltd purchased a new stake in fuboTV Inc. (NYSE:FUBO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 160,000 shares of the company's stock, valued at approximately $467,000. fuboTV accounts for about 0.7% of MASO CAPITAL PARTNERS Ltd's investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of fuboTV by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock worth $23,532,000 after buying an additional 1,377,663 shares during the last quarter. Geode Capital Management LLC grew its position in fuboTV by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company's stock valued at $9,412,000 after acquiring an additional 365,827 shares during the last quarter. Renaissance Technologies LLC grew its position in fuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock valued at $5,449,000 after acquiring an additional 1,344,956 shares during the last quarter. Northern Trust Corp grew its position in fuboTV by 16.9% in the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock valued at $3,780,000 after acquiring an additional 434,406 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of fuboTV by 38.4% during the fourth quarter. Barclays PLC now owns 1,738,929 shares of the company's stock valued at $2,191,000 after purchasing an additional 482,470 shares in the last quarter. Institutional investors own 39.31% of the company's stock.

fuboTV Trading Down 3.2%

Shares of NYSE FUBO traded down $0.13 during trading hours on Wednesday, hitting $3.80. 8,500,229 shares of the company traded hands, compared to its average volume of 27,534,730. The company's 50 day moving average price is $3.51 and its 200 day moving average price is $3.36. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 18.98 and a beta of 2.28. fuboTV Inc. has a 12 month low of $1.15 and a 12 month high of $6.45.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FUBO shares. Needham & Company LLC upped their target price on fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wedbush reissued an "outperform" rating and set a $6.00 price objective (up from $5.00) on shares of fuboTV in a report on Wednesday, July 30th. Finally, Wall Street Zen raised fuboTV from a "hold" rating to a "buy" rating in a research note on Saturday. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, fuboTV currently has an average rating of "Moderate Buy" and an average target price of $4.63.

Insiders Place Their Bets

In other fuboTV news, Director Laura Diane Onopchenko sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $3.92, for a total value of $392,000.00. Following the sale, the director owned 283,070 shares in the company, valued at approximately $1,109,634.40. This represents a 26.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ignacio Figueras sold 66,061 shares of the stock in a transaction that occurred on 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 $1,712,558.34. This trade represents a 14.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,400 shares of company stock worth $985,323. 5.30% of the stock is currently owned by company insiders.

About fuboTV

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.