FuboTV (NYSE:FUBO) Shares Gap Down on Insider Selling

FuboTV Inc. (NYSE:FUBOGet Free Report) shares gapped down before the market opened on Tuesday after an insider sold shares in the company. The stock had previously closed at $4.45, but opened at $4.31. FuboTV shares last traded at $4.50, with a volume of 8,713,087 shares changing hands.

Specifically, COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction on Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the sale, the chief operating officer now directly owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Alberto Horihuela sold 403,847 shares of FuboTV stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the completion of the sale, the chief operating officer now owns 1,449,751 shares in the company, valued at approximately $8,741,998.53. This represents a 21.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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 directly owns 346,817 shares in the company, valued at $1,737,553.17. The trade was a 80.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.43.

Get Our Latest Stock Analysis on FuboTV

FuboTV Price Performance

The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -5.96 and a beta of 1.78. The stock’s 50 day simple moving average is $1.97 and its 200-day simple moving average is $1.68.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FUBO. Marshall Wace LLP increased its stake in FuboTV by 114.1% during 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 in the last quarter. Millennium Management LLC boosted its holdings in shares of FuboTV by 132.6% in the 2nd 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 during the last quarter. Barclays PLC boosted its holdings in shares of FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after acquiring an additional 688,625 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after acquiring an additional 200,154 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

About FuboTV

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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.

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