Mercer Global Advisors Inc. ADV Makes New $165,000 Investment in FuboTV Inc. (NYSE:FUBO)

Mercer Global Advisors Inc. ADV acquired a new position in FuboTV Inc. (NYSE:FUBO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 131,043 shares of the company’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds have also bought and sold shares of FUBO. Xponance Inc. lifted its holdings in FuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company’s stock worth $29,000 after buying an additional 3,689 shares during the period. Raymond James Financial Inc. purchased a new position in shares of FuboTV in the 4th quarter valued at approximately $35,000. Cibc World Markets Corp purchased a new position in shares of FuboTV in the 4th quarter valued at approximately $38,000. Marathon Trading Investment Management LLC purchased a new position in shares of FuboTV in the 4th quarter valued at approximately $40,000. Finally, Integrity Wealth Solutions LLC purchased a new position in shares of FuboTV in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FUBO shares. Wedbush lowered their target price on FuboTV from $6.40 to $5.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Huber Research upgraded FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Needham & Company LLC lowered their target price on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Finally, UBS Group set a $3.50 target price on FuboTV in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4.06.

Insider Activity at FuboTV

In other FuboTV news, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.30% of the stock is owned by corporate insiders.

FuboTV Stock Up 9.0%

FUBO stock opened at $3.22 on Friday. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $1.10 billion, a PE ratio of -4.80 and a beta of 2.19. The business has a 50 day moving average of $2.94 and a 200 day moving average of $2.79.

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.