Insider Selling: FuboTV Inc. (NYSE:FUBO) CFO Sells 25,823 Shares of Stock

FuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

FuboTV Trading Down 6.6 %

Shares of FuboTV stock opened at $3.59 on Thursday. The company has a 50-day moving average of $3.46 and a two-hundred day moving average of $2.24. FuboTV Inc. has a 12-month low of $1.10 and a 12-month high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a market cap of $1.20 billion, a PE ratio of -5.35 and a beta of 1.98.

Hedge Funds Weigh In On FuboTV

Several hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in FuboTV by 79.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock worth $933,000 after purchasing an additional 327,212 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of FuboTV by 4,635.3% during the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock worth $646,000 after buying an additional 501,766 shares during the last quarter. State of Wyoming boosted its position in shares of FuboTV by 125.5% in the 4th quarter. State of Wyoming now owns 233,031 shares of the company’s stock worth $294,000 after buying an additional 129,699 shares in the last quarter. ProShare Advisors LLC grew its stake in FuboTV by 17.6% in the 4th quarter. ProShare Advisors LLC now owns 220,923 shares of the company’s stock valued at $278,000 after acquiring an additional 33,035 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in FuboTV by 13.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 182,605 shares of the company’s stock valued at $230,000 after acquiring an additional 21,051 shares during 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 equities analysts have recently issued reports on the company. Roth Mkm reissued a “neutral” rating and set a $4.75 target price (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research raised FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.