Dynamic Technology Lab Private Ltd Has $63,000 Stock Position in FuboTV Inc. (NYSE:FUBO)

Dynamic Technology Lab Private Ltd boosted its stake in shares of FuboTV Inc. (NYSE:FUBO) by 32.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,367 shares of the company’s stock after buying an additional 12,336 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in FuboTV were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

FuboTV Stock Up 3.1 %

Shares of NYSE FUBO opened at $2.85 on Friday. FuboTV Inc. has a 52-week low of $1.10 and a 52-week high of $6.45. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The business has a fifty day moving average of $3.30 and a two-hundred day moving average of $2.56. The stock has a market cap of $971.50 million, a PE ratio of -4.25 and a beta of 2.22.

Insider Buying and Selling

In other news, CFO John Janedis sold 25,823 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FUBO. Huber Research upgraded FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. UBS Group set a $3.50 price target on shares of FuboTV in a report on Monday, March 3rd. Wedbush reaffirmed an “outperform” rating and set a $6.40 price objective on shares of FuboTV in a report on Friday, February 28th. Roth Mkm reiterated a “neutral” rating and set a $4.75 target price (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Finally, Needham & Company LLC increased their price target on shares of FuboTV from $2.00 to $3.50 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Three 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.21.

FuboTV Company 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.