Marathon Trading Investment Management LLC Invests $40,000 in FuboTV Inc. (NYSE:FUBO)

Marathon Trading Investment Management LLC acquired a new stake in FuboTV Inc. (NYSE:FUBO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,000 shares of the company’s stock, valued at approximately $40,000.

A number of other large investors have also recently added to or reduced their stakes in FUBO. Apollon Wealth Management LLC lifted its position in FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after buying an additional 12,431 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of FuboTV in the 3rd quarter valued at approximately $152,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after acquiring an additional 200,154 shares during the last quarter. FMR LLC boosted its position in shares of FuboTV by 84.5% during the 3rd quarter. FMR LLC now owns 101,914 shares of the company’s stock worth $145,000 after purchasing an additional 46,670 shares during the period. Finally, State Street Corp increased its holdings in FuboTV by 1.9% in the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after purchasing an additional 132,167 shares during the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

FuboTV Price Performance

FUBO stock opened at $3.03 on Tuesday. The business’s 50-day moving average is $3.74 and its two-hundred day moving average is $2.33. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $1.03 billion, a P/E ratio of -4.51 and a beta of 2.02. FuboTV Inc. has a 1 year low of $1.10 and a 1 year high of $6.45.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Needham & Company LLC upped their price target on FuboTV from $2.00 to $3.50 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Wedbush reissued an “outperform” rating and set a $6.40 target price on shares of FuboTV in a research note on Friday, February 28th. Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Finally, UBS Group set a $3.50 price objective on shares of FuboTV in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4.21.

Insider Buying and Selling

In related news, CFO John Janedis sold 25,823 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,861,426 shares of company stock worth $9,721,411. Company insiders own 7.00% of the company’s stock.

FuboTV Company 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.