Insider Selling: FuboTV Inc. (NYSE:FUBO) CEO Sells 1,425,888 Shares of Stock

FuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 1,425,888 shares of the 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 transaction, the chief executive officer now owns 346,817 shares of the company’s stock, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

FuboTV Stock Down 2.6 %

Shares of NYSE:FUBO opened at $5.32 on Thursday. The firm’s 50-day moving average is $1.72 and its two-hundred day moving average is $1.58. 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 1 year low of $1.10 and a 1 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.

Institutional Trading of FuboTV

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

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.43.

About FuboTV

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.