FuboTV Inc. (NYSE:FUBO) Shares Acquired by USAdvisors Wealth Management LLC

USAdvisors Wealth Management LLC raised its stake in shares of FuboTV Inc. (NYSE:FUBO) by 156.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,000 shares of the company’s stock after buying an additional 78,000 shares during the period. USAdvisors Wealth Management LLC’s holdings in FuboTV were worth $161,000 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. United Advisor Group LLC bought a new position in shares of FuboTV in the third quarter valued at approximately $26,000. Hibernia Wealth Partners LLC acquired a new position in shares of FuboTV during the 3rd quarter valued at $27,000. Algert Global LLC acquired a new position in shares of FuboTV during the 2nd quarter valued at $37,000. EWG Elevate Inc. raised its stake in shares of FuboTV by 50.0% in the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock worth $38,000 after buying an additional 10,000 shares in the last quarter. Finally, Integrity Wealth Solutions LLC acquired a new stake in shares of FuboTV in the fourth quarter valued at $47,000. 39.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Alberto Horihuela sold 47,478 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Janedis sold 74,326 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the completion of the sale, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at approximately $112,846.02. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,957,407 shares of company stock valued at $9,793,039 over the last three months. Insiders own 7.00% of the company’s stock.

FuboTV Stock Performance

FUBO opened at $4.08 on Thursday. 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 $1.36 billion, a PE ratio of -6.08 and a beta of 1.78. The business has a fifty day simple moving average of $2.50 and a 200-day simple moving average of $1.88. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $6.45.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “neutral” rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.43.

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.