EntryPoint Capital LLC Boosts Position in FuboTV Inc. (NYSE:FUBO)

EntryPoint Capital LLC increased its position in shares of FuboTV Inc. (NYSE:FUBO) by 638.7% during the 4th quarter, HoldingsChannel reports. The fund owned 246,475 shares of the company’s stock after acquiring an additional 213,110 shares during the quarter. EntryPoint Capital LLC’s holdings in FuboTV were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FUBO. Xponance Inc. increased its stake in FuboTV by 19.1% during the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock worth $29,000 after acquiring an additional 3,689 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of FuboTV during the 4th quarter worth about $35,000. EWG Elevate Inc. increased its position in shares of FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock worth $38,000 after purchasing an additional 10,000 shares during the last quarter. Cibc World Markets Corp purchased a new stake in FuboTV in the 4th quarter valued at about $38,000. Finally, Marathon Trading Investment Management LLC acquired a new position in FuboTV in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Insider Buying and Selling

In other news, CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Alberto Horihuela sold 403,847 shares of FuboTV stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the sale, the chief operating officer now directly owns 1,449,751 shares of the company’s stock, valued at approximately $8,741,998.53. This trade represents a 21.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,861,426 shares of company stock valued at $9,721,411 in the last three months. 7.00% of the stock is owned by corporate insiders.

FuboTV Stock Performance

NYSE:FUBO opened at $3.01 on Friday. FuboTV Inc. has a 52 week low of $1.10 and a 52 week high of $6.45. The company has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $2.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -4.50 and a beta of 2.02.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FUBO. Wedbush reissued an “outperform” rating and issued a $6.40 price target on shares of FuboTV in a research note on Friday, February 28th. UBS Group set a $3.50 target price on FuboTV in a research report on Monday, March 3rd. 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. Huber Research raised FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Finally, Roth Mkm reissued a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, FuboTV has an average rating of “Moderate Buy” and a consensus price target of $4.21.

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.