FuboTV Inc. (NYSE:FUBO) CFO Sells $109,259.22 in Stock

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

FuboTV Stock Performance

NYSE FUBO opened at $1.50 on Thursday. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $3.82. The company has a 50 day moving average of $1.52 and a 200-day moving average of $1.45. 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 firm has a market cap of $501.14 million, a price-to-earnings ratio of -2.24 and a beta of 1.76.

Hedge Funds Weigh In On FuboTV

Several institutional investors have recently bought and sold shares of the business. United Advisor Group LLC acquired a new position in shares of FuboTV during the third quarter worth 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 acquired a new position in shares of FuboTV in the 2nd quarter valued at $37,000. Public Employees Retirement System of Ohio acquired a new position in shares of FuboTV in the 1st quarter valued at $44,000. Finally, Apollon Wealth Management LLC boosted its position in shares of 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 purchasing an additional 12,431 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

Wall Street Analysts Forecast Growth

FUBO has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $2.00 target price on shares of FuboTV in a research note on Monday, August 19th. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Finally, Seaport Res Ptn cut FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.