SG Americas Securities LLC Has $156,000 Stake in FuboTV Inc. (NYSE:FUBO)

SG Americas Securities LLC raised its position in shares of FuboTV Inc. (NYSE:FUBO) by 66.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,732 shares of the company’s stock after purchasing an additional 43,637 shares during the quarter. SG Americas Securities LLC’s holdings in FuboTV were worth $156,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FUBO. Public Employees Retirement System of Ohio purchased a new position in shares of FuboTV during the first quarter valued at $44,000. Algert Global LLC purchased a new position in FuboTV during the 2nd quarter valued at about $37,000. Precision Wealth Strategies LLC acquired a new position in shares of FuboTV in the 1st quarter valued at about $93,000. Arkadios Wealth Advisors purchased a new stake in shares of FuboTV in the second quarter worth approximately $76,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of FuboTV during the second quarter worth approximately $92,000. 39.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FUBO. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Seaport Res Ptn downgraded shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $2.00 price objective on shares of FuboTV in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.88.

Insider Activity at FuboTV

In related news, Director Neil Glat bought 25,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $1.42 per share, with a total value of $35,500.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $35,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is owned by company insiders.

FuboTV Stock Up 2.5 %

FuboTV stock opened at $1.61 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.39. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $3.82. The firm’s fifty day simple moving average is $1.62 and its 200-day simple moving average is $1.43. The company has a market capitalization of $482.81 million, a P/E ratio of -1.81 and a beta of 1.79.

FuboTV (NYSE:FUBO) last posted its earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. The firm had revenue of $389.22 million for the quarter, compared to the consensus estimate of $369.47 million. Sell-side analysts forecast that FuboTV Inc. will post -0.51 earnings per share for the current fiscal year.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.