FuboTV Inc. (NYSE:FUBO) CFO John Janedis Sells 74,326 Shares of Stock

FuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 74,326 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the sale, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

FuboTV Stock Up 9.2 %

FuboTV stock opened at $1.55 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $517.84 million, a P/E ratio of -2.31 and a beta of 1.76. The firm has a 50 day moving average price of $1.52 and a 200-day moving average price of $1.45. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $3.82.

Institutional Trading of FuboTV

A number of large investors have recently bought and sold shares of FUBO. Marshall Wace LLP grew its stake in shares of FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares during the period. 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. State Street Corp lifted its holdings in FuboTV by 1.9% during the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after purchasing an additional 132,167 shares during the last quarter. Millennium Management LLC boosted its position in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Seaport Res Ptn lowered shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Barrington Research reissued a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 target price on shares of FuboTV in a 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.88.

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.