Jump Financial LLC Takes $3.75 Million Position in fuboTV Inc. $FUBO

Key Points

• Jump Financial LLC has acquired a total of 1,284,784 shares of fuboTV Inc., worth approximately $3,752,000, representing 0.38% of the company's stock as of the end of the last quarter.
• Insider trading activity has seen notable sales with Director Ignacio Figueras selling 66,061 shares and Chairman Edgar Bronfman, Jr. selling 59,694 shares, leading to significant decreases in their ownership stakes.
• Analysts have mixed views on fuboTV, with a consensus rating of "Buy" but varying price targets; Wedbush raised its target to $6.00, while Needham increased theirs to $4.25.

Jump Financial LLC acquired a new position in fuboTV Inc. (NYSE:FUBO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,284,784 shares of the company's stock, valued at approximately $3,752,000. Jump Financial LLC owned approximately 0.38% of fuboTV at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FUBO. Wealthcare Advisory Partners LLC purchased a new stake in shares of fuboTV in the 1st quarter worth $34,000. Raymond James Financial Inc. purchased a new stake in fuboTV in the 4th quarter worth $35,000. Balyasny Asset Management L.P. purchased a new stake in fuboTV in the 4th quarter worth $36,000. Cresset Asset Management LLC purchased a new stake in fuboTV in the 1st quarter worth $38,000. Finally, Valeo Financial Advisors LLC purchased a new stake in fuboTV in the 1st quarter worth $45,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

fuboTV Trading Up 1.6%

FUBO traded up $0.06 on Friday, hitting $3.54. The company had a trading volume of 18,642,650 shares, compared to its average volume of 26,198,107. The company has a market cap of $1.21 billion, a PE ratio of 13.60 and a beta of 2.28. fuboTV Inc. has a 12-month low of $1.21 and a 12-month high of $6.45. 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 business's fifty day simple moving average is $3.57 and its 200 day simple moving average is $3.31.

Insider Buying and Selling

In other fuboTV news, Chairman Edgar Bronfman, Jr. sold 59,694 shares of the firm's stock in a transaction dated 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 sale, the chairman owned 8,673 shares of the company's stock, valued at $31,396.26. This trade represents a 87.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura Diane Onopchenko sold 100,000 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $3.92, for a total transaction of $392,000.00. Following the completion of the sale, the director directly owned 283,070 shares of the company's stock, valued at approximately $1,109,634.40. The trade was a 26.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,849 shares of company stock worth $1,660,612. Insiders own 5.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FUBO. Wall Street Zen lowered fuboTV from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Wedbush restated an "outperform" rating and set a $6.00 price objective (up previously from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Finally, Needham & Company LLC raised their price objective on fuboTV from $3.00 to $4.25 and gave the company a "buy" rating in a research report 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. According to data from MarketBeat.com, fuboTV presently has a consensus rating of "Buy" and an average target price of $4.63.

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.