State of Wyoming Buys 129,699 Shares of FuboTV Inc. (NYSE:FUBO)

State of Wyoming grew its stake in FuboTV Inc. (NYSE:FUBO - Free Report) by 125.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,031 shares of the company's stock after purchasing an additional 129,699 shares during the period. State of Wyoming owned approximately 0.07% of FuboTV worth $294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Xponance Inc. grew its holdings in FuboTV by 19.1% during the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock valued at $29,000 after purchasing an additional 3,689 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of FuboTV during the fourth quarter valued at approximately $35,000. Balyasny Asset Management L.P. bought a new position in shares of FuboTV during the fourth quarter valued at approximately $36,000. Cibc World Markets Corp purchased a new stake in shares of FuboTV in the fourth quarter worth approximately $38,000. Finally, Marathon Trading Investment Management LLC purchased a new stake in shares of FuboTV in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 39.31% of the company's stock.

FuboTV Price Performance

Shares of FUBO stock opened at $3.14 on Friday. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45. 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 stock has a fifty day simple moving average of $2.94 and a two-hundred day simple moving average of $2.83. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -4.69 and a beta of 2.19.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Huber Research upgraded FuboTV to a "strong-buy" rating in a report on Friday, January 31st. Wedbush lowered their target price on shares of FuboTV from $6.40 to $5.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Needham & Company LLC reduced their price target on shares of FuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, UBS Group set a $3.50 price objective on shares of FuboTV in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, FuboTV currently has an average rating of "Moderate Buy" and a consensus target price of $4.06.

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.

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