Lazard Asset Management LLC Increases Stock Holdings in fuboTV Inc. (NYSE:FUBO)

Lazard Asset Management LLC boosted its position in shares of fuboTV Inc. (NYSE:FUBOGet Rating) by 32.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,820 shares of the company’s stock after acquiring an additional 4,820 shares during the quarter. Lazard Asset Management LLC’s holdings in fuboTV were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Retirement Planning Co of New England Inc. purchased a new position in fuboTV during the 4th quarter valued at about $38,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of fuboTV in the 3rd quarter valued at about $43,000. IFP Advisors Inc boosted its stake in shares of fuboTV by 117.9% in the 4th quarter. IFP Advisors Inc now owns 2,495 shares of the company’s stock valued at $44,000 after buying an additional 1,350 shares during the period. Psagot Value Holdings Ltd. boosted its stake in shares of fuboTV by 266.7% in the 3rd quarter. Psagot Value Holdings Ltd. now owns 2,200 shares of the company’s stock valued at $53,000 after buying an additional 1,600 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of fuboTV by 28.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 5,260 shares of the company’s stock valued at $82,000 after buying an additional 1,150 shares during the period. Institutional investors own 37.30% of the company’s stock.

Several brokerages have recently issued reports on FUBO. Oppenheimer decreased their price objective on fuboTV from $42.00 to $16.00 in a research note on Monday, February 14th. Evercore ISI decreased their price objective on fuboTV from $20.00 to $7.00 in a research note on Friday, May 6th. JPMorgan Chase & Co. cut fuboTV from a “neutral” rating to an “underweight” rating in a research note on Friday, May 6th. Stephens initiated coverage on fuboTV in a research note on Monday, April 25th. They issued an “equal weight” rating and a $6.00 price objective for the company. Finally, Needham & Company LLC decreased their target price on fuboTV from $15.00 to $5.00 in a research note on Friday, May 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.97.

FUBO stock opened at $3.51 on Friday. fuboTV Inc. has a fifty-two week low of $2.76 and a fifty-two week high of $35.10. The business has a 50 day moving average price of $5.74 and a 200 day moving average price of $12.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.27.

fuboTV (NYSE:FUBOGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.10). The firm had revenue of $231.06 million for the quarter, compared to analyst estimates of $213.27 million. fuboTV had a negative return on equity of 66.29% and a negative net margin of 59.50%. The company’s quarterly revenue was up 119.9% on a year-over-year basis. During the same period last year, the firm earned ($0.39) EPS. Analysts forecast that fuboTV Inc. will post -2.83 EPS for the current fiscal year.

In other news, insider Alberto Horihuela sold 161,454 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $7.56, for a total value of $1,220,592.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Gandler bought 46,000 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was bought at an average cost of $2.98 per share, for a total transaction of $137,080.00. Following the acquisition, the chief executive officer now owns 1,322,564 shares of the company’s stock, valued at approximately $3,941,240.72. The disclosure for this purchase can be found here. Insiders own 13.20% of the company’s stock.

fuboTV Profile (Get Rating)

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

Further Reading

Institutional Ownership by Quarter for fuboTV (NYSE:FUBO)

Receive News & Ratings for fuboTV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for fuboTV and related companies with MarketBeat.com's FREE daily email newsletter.