FuboTV Inc. (NYSE:FUBO) COO Sells $35,090.64 in Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 5,868 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $5.98, for a total value of $35,090.64. Following the completion of the transaction, the chief operating officer now owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alberto Horihuela also recently made the following trade(s):

• On Tuesday, January 7th, Alberto Horihuela sold 403,847 shares of FuboTV stock. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41.
• On Thursday, November 21st, Alberto Horihuela sold 47,478 shares of FuboTV stock. The shares were sold at an average price of $1.47, for a total value of $69,792.66.

FuboTV Trading Down 14.4 %

Shares of FUBO opened at $3.81 on Wednesday. The business has a 50-day simple moving average of $1.97 and a two-hundred day simple moving average of $1.68. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. FuboTV Inc. has a 52 week low of $1.10 and a 52 week high of $6.45.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. United Advisor Group LLC purchased a new position in FuboTV during the third quarter valued at approximately $26,000. Hibernia Wealth Partners LLC bought a new stake in shares of FuboTV during the 3rd quarter valued at $27,000. Algert Global LLC bought a new stake in shares of FuboTV during the 2nd quarter valued at $37,000. EWG Elevate Inc. lifted its stake in shares of FuboTV by 50.0% during the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in FuboTV by 41.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after buying an additional 12,431 shares during the period. 39.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “neutral” rating and issued a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a 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 MarketBeat, the stock 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.