Teacher Retirement System of Texas Takes Position in fuboTV Inc. (NYSE:FUBO)

Teacher Retirement System of Texas bought a new position in shares of fuboTV Inc. (NYSE:FUBO - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 91,193 shares of the company's stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUBO. The Manufacturers Life Insurance Company lifted its stake in shares of fuboTV by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company's stock valued at $138,000 after acquiring an additional 2,668 shares during the last quarter. Corebridge Financial Inc. boosted its position in shares of fuboTV by 2.1% during the 4th quarter. Corebridge Financial Inc. now owns 160,328 shares of the company's stock worth $202,000 after purchasing an additional 3,321 shares in the last quarter. Xponance Inc. lifted its position in fuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock valued at $29,000 after acquiring an additional 3,689 shares in the last quarter. Invesco Ltd. lifted its position in fuboTV by 1.8% in the 4th quarter. Invesco Ltd. now owns 487,104 shares of the company's stock valued at $614,000 after acquiring an additional 8,475 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of fuboTV during the 1st quarter worth approximately $34,000. 39.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FUBO has been the topic of a number of analyst reports. Needham & Company LLC lowered their target price on shares of fuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Wedbush upgraded shares of fuboTV to a "strong-buy" rating in a research report on Tuesday, July 1st. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.06.

fuboTV Stock Down 4.3%

FUBO traded down $0.15 during midday trading on Friday, reaching $3.35. The company's stock had a trading volume of 10,073,891 shares, compared to its average volume of 20,688,306. The stock's 50-day moving average is $3.39 and its 200-day moving average is $3.39. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.75 and a beta of 2.22. fuboTV Inc. has a 1 year low of $1.15 and a 1 year high of $6.45. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48.

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.