Enlightenment Research LLC Sells 68,752 Shares of fuboTV Inc. (NYSE:FUBO)

Enlightenment Research LLC reduced its holdings in shares of fuboTV Inc. (NYSE:FUBO) by 85.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,248 shares of the company’s stock after selling 68,752 shares during the period. Enlightenment Research LLC’s holdings in fuboTV were worth $249,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FUBO. Malaga Cove Capital LLC boosted its position in shares of fuboTV by 5.9% during the 1st quarter. Malaga Cove Capital LLC now owns 13,963 shares of the company’s stock valued at $314,000 after purchasing an additional 777 shares in the last quarter. United Maritime Capital LLC increased its holdings in fuboTV by 4.3% in the first quarter. United Maritime Capital LLC now owns 19,136 shares of the company’s stock worth $423,000 after purchasing an additional 786 shares in the last quarter. First Mercantile Trust Co. acquired a new position in fuboTV in the fourth quarter valued at approximately $25,000. Albion Financial Group UT bought a new position in shares of fuboTV during the 4th quarter worth approximately $28,000. Finally, Parallel Advisors LLC acquired a new stake in shares of fuboTV during the 4th quarter worth approximately $30,000. 30.86% of the stock is owned by hedge funds and other institutional investors.

Shares of FUBO stock opened at $27.83 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of -2.30 and a beta of 2.82. fuboTV Inc. has a 52 week low of $8.12 and a 52 week high of $62.29. The stock has a 50-day moving average of $21.76.

fuboTV (NYSE:FUBO) last posted its quarterly earnings results on Tuesday, May 11th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.09). fuboTV had a negative return on equity of 110.20% and a negative net margin of 185.09%. The company had revenue of $119.70 million during the quarter, compared to the consensus estimate of $103.54 million. The firm’s revenue was up 1539.7% on a year-over-year basis. As a group, analysts expect that fuboTV Inc. will post -1.9 earnings per share for the current year.

A number of research analysts recently issued reports on FUBO shares. Barrington Research dropped their target price on shares of fuboTV from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, May 13th. Roth Capital dropped their price objective on shares of fuboTV from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, May 12th. BMO Capital Markets cut their target price on fuboTV from $50.00 to $45.00 in a report on Wednesday, March 3rd. Oppenheimer decreased their price target on shares of fuboTV from $45.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, March 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $60.00 price objective on shares of fuboTV in a report on Monday, March 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $40.78.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports events, news, and entertainment content in the United States and Europe. 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.

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Institutional Ownership by Quarter for fuboTV (NYSE:FUBO)

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