USAdvisors Wealth Management LLC Purchases 3,000 Shares of fuboTV Inc. $FUBO

USAdvisors Wealth Management LLC lifted its stake in shares of fuboTV Inc. (NYSE:FUBO) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,031 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. USAdvisors Wealth Management LLC’s holdings in fuboTV were worth $439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FUBO. Nuveen LLC bought a new stake in shares of fuboTV during the 1st quarter valued at $8,930,000. Vanguard Group Inc. raised its stake in shares of fuboTV by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock valued at $61,742,000 after purchasing an additional 2,468,067 shares during the period. Jump Financial LLC bought a new stake in shares of fuboTV during the 1st quarter valued at $3,752,000. Two Sigma Investments LP raised its stake in shares of fuboTV by 4,635.3% during the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock valued at $646,000 after purchasing an additional 501,766 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of fuboTV by 79.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock valued at $933,000 after purchasing an additional 327,212 shares during the period. 39.31% of the stock is currently owned by institutional investors.

Insider Transactions at fuboTV

In other news, Chairman Edgar Bronfman, Jr. sold 59,694 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $3.62, for a total value of $216,092.28. Following the completion of the transaction, the chairman directly owned 8,673 shares in the company, valued at approximately $31,396.26. This represents a 87.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ignacio Figueras sold 66,061 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $4.26, for a total value of $281,419.86. Following the completion of the transaction, the director owned 402,009 shares of the company’s stock, valued at $1,712,558.34. The trade was a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,849 shares of company stock valued at $1,660,612 over the last quarter. 5.30% of the stock is owned by company insiders.

fuboTV Price Performance

Shares of NYSE FUBO opened at $3.97 on Friday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 15.25 and a beta of 2.38. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $3.87 and its two-hundred day simple moving average is $3.43. fuboTV Inc. has a twelve month low of $1.21 and a twelve month high of $6.45.

Analysts Set New Price Targets

A number of research firms recently issued reports on FUBO. Weiss Ratings reiterated a “sell (d+)” rating on shares of fuboTV in a research note on Saturday, September 27th. Wedbush reiterated an “outperform” rating and set a $6.00 price objective (up from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Wall Street Zen lowered fuboTV from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Needham & Company LLC upped their target price on fuboTV from $3.00 to $4.25 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4.63.

fuboTV 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.