FuboTV Inc. (NYSE:FUBO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of FuboTV Inc. (NYSE:FUBO) by 47.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,126,202 shares of the company’s stock after selling 1,032,265 shares during the period. Dimensional Fund Advisors LP’s holdings in FuboTV were worth $1,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd increased its holdings in shares of FuboTV by 144.4% in the fourth quarter. Quadrature Capital Ltd now owns 190,161 shares of the company’s stock valued at $605,000 after buying an additional 112,361 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in shares of FuboTV during the first quarter valued at approximately $93,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of FuboTV in the 1st quarter valued at approximately $313,000. EntryPoint Capital LLC purchased a new stake in shares of FuboTV in the first quarter valued at $140,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of FuboTV by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after buying an additional 9,229 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other FuboTV news, Director Neil Glat acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $35,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.00% of the stock is owned by insiders.

FuboTV Stock Up 5.9 %

FUBO opened at $1.62 on Friday. The company has a market capitalization of $533.53 million, a PE ratio of -2.03 and a beta of 1.79. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.60 and a quick ratio of 0.60. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $3.82. The business has a 50-day moving average of $1.57 and a 200-day moving average of $1.42.

FuboTV (NYSE:FUBO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $389.22 million for the quarter, compared to analyst estimates of $369.47 million. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. Equities research analysts forecast that FuboTV Inc. will post -0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

FUBO has been the subject of a number of research reports. Barrington Research restated a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Seaport Res Ptn cut shares of FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, FuboTV currently has a consensus rating of “Hold” and a consensus price target of $2.88.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.