Mudrick Capital Management L.P. Boosts Stock Holdings in fuboTV Inc. $FUBO

Mudrick Capital Management L.P. boosted its holdings in fuboTV Inc. (NYSE:FUBO) by 1,411.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,346,465 shares of the company’s stock after purchasing an additional 1,257,405 shares during the quarter. fuboTV comprises 0.0% of Mudrick Capital Management L.P.’s portfolio, making the stock its 4th largest position. Mudrick Capital Management L.P. owned approximately 4.46% of fuboTV worth $12,387,478 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FUBO. Hurley Capital LLC purchased a new position in shares of fuboTV in the fourth quarter worth about $25,000. Concurrent Investment Advisors LLC acquired a new position in shares of fuboTV during the 4th quarter valued at $26,000. Ground Swell Capital LLC acquired a new stake in fuboTV in the fourth quarter valued at approximately $30,000. Focus Partners Wealth acquired a new stake in fuboTV in the 1st quarter valued at $30,000. Finally, Simplify Asset Management Inc. acquired a new position in shares of fuboTV in the 4th quarter valued at approximately $32,000. Institutional investors own 39.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FUBO. Wall Street Zen downgraded fuboTV from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Barrington Research restated an “outperform” rating and issued a $16.00 target price on shares of fuboTV in a research note on Thursday, June 11th. Citigroup reissued a “market outperform” rating on shares of fuboTV in a research note on Thursday, June 11th. Evercore initiated coverage on shares of fuboTV in a research note on Friday, May 1st. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $15.00 target price on shares of fuboTV in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.83.

fuboTV Stock Performance

Shares of FUBO stock traded up $0.23 on Friday, reaching $10.33. The stock had a trading volume of 812,742 shares, compared to its average volume of 1,584,664. The stock has a market cap of $311.97 million, a P/E ratio of -8.07 and a beta of 2.40. The company has a 50 day simple moving average of $9.59 and a 200 day simple moving average of $11.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00. fuboTV Inc. has a 1 year low of $7.95 and a 1 year high of $56.64.

fuboTV (NYSE:FUBO) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.04. fuboTV had a negative return on equity of 7.67% and a negative net margin of 0.71%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm posted ($0.02) EPS. The business’s quarterly revenue was up 38.0% compared to the same quarter last year. Equities research analysts expect that fuboTV Inc. will post -0.29 EPS for the current year.

Insider Activity at fuboTV

In related news, COO Alberto Horihuela sold 141,074 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.38, for a total value of $1,464,348.12. Following the sale, the chief operating officer directly owned 141,074 shares in the company, valued at $1,464,348.12. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.30% of the company’s stock.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.