FuboTV Inc. (NYSE:FUBO) CEO Sells 1,425,888 Shares

FuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction 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 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 through this hyperlink.

FuboTV Stock Performance

FuboTV stock traded down $0.14 during mid-day trading on Wednesday, reaching $5.32. 175,184,368 shares of the company’s stock were exchanged, compared to its average volume of 253,507,266. The business’s fifty day simple moving average is $1.72 and its 200 day simple moving average is $1.58. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a one year low of $1.10 and a one year high of $6.45. The firm has a market capitalization of $1.78 billion, a PE ratio of -7.94 and a beta of 1.78.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On FuboTV

Large investors have recently made changes to their positions in the business. Marshall Wace LLP increased its position in FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after buying an additional 4,461,707 shares during the last quarter. Millennium Management LLC grew its stake in shares of FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after acquiring an additional 2,742,780 shares during the period. Barclays PLC increased its holdings in FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after acquiring an additional 688,625 shares during the last quarter. Geode Capital Management LLC raised its stake in FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after acquiring an additional 425,906 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.