John Janedis Sells 170,585 Shares of fuboTV (NYSE:FUBO) Stock

fuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 170,585 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $3.16, for a total transaction of $539,048.60. Following the transaction, the chief financial officer directly owned 130,478 shares in the company, valued at approximately $412,310.48. The trade was a 56.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Janedis also recently made the following trade(s):

• On Monday, November 24th, John Janedis sold 130,478 shares of fuboTV stock. The stock was sold at an average price of $3.12, for a total value of $407,091.36.

fuboTV Price Performance

FUBO traded up $0.02 on Tuesday, reaching $3.12. 9,035,340 shares of the company’s stock were exchanged, compared to its average volume of 23,376,926. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s fifty day moving average price is $3.82 and its 200-day moving average price is $3.63. The stock has a market cap of $1.07 billion, a PE ratio of 8.65 and a beta of 2.55. fuboTV Inc. has a twelve month low of $1.21 and a twelve month high of $6.45.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. fuboTV had a negative return on equity of 6.66% and a net margin of 7.61%.The firm had revenue of $377.20 million for the quarter, compared to the consensus estimate of $361.33 million. During the same quarter last year, the business posted ($0.08) earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts expect that fuboTV Inc. will post -0.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FUBO. Zacks Research raised fuboTV from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Needham & Company LLC restated a “buy” rating and issued a $4.25 price objective on shares of fuboTV in a report on Tuesday, November 4th. Wedbush reiterated an “outperform” rating and issued a $6.00 price objective (up from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Wall Street Zen cut shares of fuboTV from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.63.

Hedge Funds Weigh In On fuboTV

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in fuboTV during the 1st quarter worth $8,930,000. Vanguard Group Inc. lifted its stake in fuboTV by 13.2% during the first quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock valued at $61,742,000 after buying an additional 2,468,067 shares in the last quarter. Jump Financial LLC raised its position in fuboTV by 189.6% during the second quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock valued at $14,364,000 after buying an additional 2,436,479 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of fuboTV by 73.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,614,497 shares of the company’s stock valued at $19,154,000 after buying an additional 1,954,352 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of fuboTV in the third quarter valued at approximately $3,169,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

fuboTV Company Profile

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.