Nuveen LLC Takes $8.93 Million Position in fuboTV Inc. $FUBO

Nuveen LLC bought a new position in shares of fuboTV Inc. (NYSE:FUBO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,058,107 shares of the company’s stock, valued at approximately $8,930,000. Nuveen LLC owned about 0.90% of fuboTV as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in fuboTV by 13.2% during the first quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock worth $61,742,000 after purchasing an additional 2,468,067 shares during the last quarter. Northern Trust Corp lifted its stake in fuboTV by 16.9% during the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock worth $3,780,000 after purchasing an additional 434,406 shares during the last quarter. Barclays PLC lifted its stake in fuboTV by 38.4% during the fourth quarter. Barclays PLC now owns 1,738,929 shares of the company’s stock worth $2,191,000 after purchasing an additional 482,470 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in fuboTV by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 983,346 shares of the company’s stock worth $2,871,000 after purchasing an additional 74,001 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in fuboTV by 79.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock worth $933,000 after purchasing an additional 327,212 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FUBO shares. Wedbush restated an “outperform” rating and set a $6.00 target price (up previously from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Wall Street Zen cut fuboTV from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Needham & Company LLC boosted their price objective on fuboTV from $3.00 to $4.25 and gave the company a “buy” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $4.63.

fuboTV Price Performance

Shares of NYSE FUBO opened at $3.4850 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.47. fuboTV Inc. has a twelve month low of $1.21 and a twelve month high of $6.45. The stock has a 50 day moving average of $3.55 and a two-hundred day moving average of $3.32. The stock has a market cap of $1.19 billion, a P/E ratio of 13.40 and a beta of 2.28.

Insider Buying and Selling

In other news, Director Daniel V. Leff sold 75,339 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $4.14, for a total value of $311,903.46. Following the transaction, the director owned 375,395 shares of the company’s stock, valued at approximately $1,554,135.30. The trade was a 16.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Edgar Bronfman, Jr. sold 59,694 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were 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. The trade was a 87.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,849 shares of company stock worth $1,660,612. 5.30% of the stock is currently owned by company insiders.

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.