SG Americas Securities LLC Acquires 87,603 Shares of FuboTV Inc. (NYSE:FUBO)

SG Americas Securities LLC boosted its holdings in FuboTV Inc. (NYSE:FUBO) by 79.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,335 shares of the company’s stock after acquiring an additional 87,603 shares during the quarter. SG Americas Securities LLC owned 0.06% of FuboTV worth $249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. United Advisor Group LLC purchased a new position in FuboTV in the third quarter worth $26,000. Hibernia Wealth Partners LLC bought a new stake in FuboTV during the third quarter worth about $27,000. EWG Elevate Inc. boosted its holdings 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 purchasing an additional 10,000 shares in the last quarter. Algert Global LLC bought a new position in shares of FuboTV during the 2nd quarter valued at about $37,000. Finally, Apollon Wealth Management LLC increased its position in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after purchasing an additional 12,431 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Insider Transactions at FuboTV

In other FuboTV news, CEO David Gandler sold 1,425,888 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the completion of the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,957,407 shares of company stock worth $9,793,039. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FUBO shares. Huber Research raised FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm restated a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.43.

FuboTV Price Performance

Shares of FuboTV stock opened at $4.04 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. FuboTV Inc. has a one year low of $1.10 and a one year high of $6.45. The business’s 50 day simple moving average is $2.83 and its two-hundred day simple moving average is $1.99. The stock has a market capitalization of $1.35 billion, a P/E ratio of -6.02 and a beta of 1.98.

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.