Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 23,624 fuboTV Inc. (NYSE:FUBO)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in fuboTV Inc. (NYSE:FUBO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 23,624 shares of the company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FUBO. Wealthcare Advisory Partners LLC purchased a new position in fuboTV in the first quarter valued at about $34,000. Raymond James Financial Inc. purchased a new position in fuboTV in the fourth quarter valued at about $35,000. Balyasny Asset Management L.P. purchased a new stake in shares of fuboTV during the fourth quarter worth about $36,000. Valeo Financial Advisors LLC purchased a new stake in shares of fuboTV during the first quarter worth about $45,000. Finally, Wealthspan Partners LLC purchased a new stake in shares of fuboTV during the first quarter worth about $48,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Analyst Ratings Changes

FUBO has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $6.00 price target (up previously from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Needham & Company LLC boosted their price target on fuboTV from $3.00 to $4.25 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded fuboTV from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, fuboTV has an average rating of “Moderate Buy” and a consensus target price of $4.63.

Insider Activity at fuboTV

In related news, Director Ignacio Figueras sold 66,061 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $4.26, for a total value of $281,419.86. Following the sale, the director owned 402,009 shares in the company, valued at $1,712,558.34. This represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura Diane Onopchenko sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $3.92, for a total value of $392,000.00. Following the completion of the sale, the director owned 283,070 shares in the company, valued at approximately $1,109,634.40. This represents a 26.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,400 shares of company stock worth $985,323 over the last quarter. Insiders own 5.30% of the company’s stock.

fuboTV Price Performance

Shares of NYSE FUBO opened at $3.92 on Wednesday. The business’s 50 day moving average price is $3.51 and its 200 day moving average price is $3.36. The firm has a market cap of $1.34 billion, a P/E ratio of 19.60 and a beta of 2.28. fuboTV Inc. has a 52 week low of $1.15 and a 52 week high of $6.45. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.

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.