Integrity Wealth Solutions LLC Takes $47,000 Position in FuboTV Inc. (NYSE:FUBO)

Integrity Wealth Solutions LLC acquired a new position in FuboTV Inc. (NYSE:FUBO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 37,160 shares of the company’s stock, valued at approximately $47,000.

Several other institutional investors have also modified their holdings of FUBO. EWG Elevate Inc. grew 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 purchasing an additional 10,000 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in FuboTV by 19.5% during the third quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after buying an additional 12,000 shares in the last quarter. Apollon Wealth Management LLC grew its position in FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after buying an additional 12,431 shares during the last quarter. United Advisor Group LLC bought a new position in shares of FuboTV in the third quarter valued at $26,000. Finally, Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV during the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

FuboTV Trading Down 8.5 %

NYSE FUBO opened at $3.70 on Tuesday. The firm’s 50 day moving average price is $2.40 and its two-hundred day moving average price is $1.84. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -5.51 and a beta of 1.78. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

Insider Activity

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

Analysts Set New Price Targets

Separately, Roth Mkm restated a “neutral” rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Four equities 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 presently has a consensus rating of “Hold” and an average price target of $3.43.

FuboTV 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.