MASO CAPITAL PARTNERS Ltd Purchases New Position in fuboTV Inc. (NYSE:FUBO)

MASO CAPITAL PARTNERS Ltd acquired a new position in fuboTV Inc. (NYSE:FUBO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 160,000 shares of the company’s stock, valued at approximately $467,000. fuboTV makes up about 0.7% of MASO CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of fuboTV in the 1st quarter worth approximately $34,000. Raymond James Financial Inc. purchased a new stake in fuboTV during the fourth quarter worth $35,000. Balyasny Asset Management L.P. bought a new stake in fuboTV during the 4th quarter valued at $36,000. Valeo Financial Advisors LLC purchased a new position in shares of fuboTV in the 1st quarter valued at $45,000. Finally, Wealthspan Partners LLC purchased a new position in shares of fuboTV in the 1st quarter valued at $48,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

fuboTV Price Performance

Shares of FUBO stock opened at $3.76 on Friday. fuboTV Inc. has a fifty-two week low of $1.15 and a fifty-two week high of $6.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.80 and a beta of 2.28. The stock’s 50-day simple moving average is $3.50 and its 200-day simple moving average is $3.36.

Wall Street Analysts Forecast Growth

FUBO has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of fuboTV from a “hold” rating to a “buy” rating in a report on Saturday. Wedbush reissued an “outperform” rating and set a $6.00 target price (up previously from $5.00) on shares of fuboTV in a research report on Wednesday. Finally, Needham & Company LLC lifted their price target on shares of fuboTV from $3.00 to $4.25 and gave the stock a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.63.

Insider Buying and Selling at fuboTV

In other fuboTV news, Director Daniel V. Leff sold 75,339 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $4.14, for a total value of $311,903.46. Following the completion of the transaction, the director owned 375,395 shares of the company’s stock, valued at approximately $1,554,135.30. This trade represents a 16.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laura Diane Onopchenko sold 100,000 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $3.92, for a total transaction of $392,000.00. Following the sale, the director directly owned 283,070 shares in the company, valued at $1,109,634.40. This trade represents a 26.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 241,400 shares of company stock worth $985,323. 5.30% of the stock is owned by corporate insiders.

About fuboTV

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.