fuboTV (NYSE:FUBO) CEO Sells $434,211.45 in Stock

fuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 170,279 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $2.55, for a total value of $434,211.45. Following the completion of the transaction, the chief executive officer directly owned 561,428 shares of the company’s stock, valued at approximately $1,431,641.40. This trade represents a 23.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

fuboTV Price Performance

fuboTV stock traded down $0.04 during trading hours on Tuesday, reaching $2.50. 9,229,430 shares of the stock were exchanged, compared to its average volume of 8,984,101. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. fuboTV Inc. has a twelve month low of $2.28 and a twelve month high of $6.45. The company has a market cap of $855.09 million, a P/E ratio of 6.93 and a beta of 1.93. The stock has a 50 day moving average of $3.07 and a two-hundred day moving average of $3.51.

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

Hedge Funds Weigh In On fuboTV

Several large investors have recently bought and sold shares of the company. Two Sigma Investments LP boosted its stake in shares of fuboTV by 12.2% during the third quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock valued at $27,994,000 after purchasing an additional 734,142 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in fuboTV by 73.5% in 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 last quarter. Jump Financial LLC raised its holdings in fuboTV by 189.6% in the 2nd 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in fuboTV by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,262 shares of the company’s stock worth $2,454,000 after buying an additional 99,482 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in fuboTV by 1.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 785,307 shares of the company’s stock worth $3,259,000 after acquiring an additional 9,474 shares during the last quarter. 39.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James Financial assumed coverage on fuboTV in a research report on Monday, December 1st. They set a “market perform” rating for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of fuboTV in a research note on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $4.25 target price on shares of fuboTV in a report on Tuesday, November 4th. Zacks Research downgraded shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Wall Street Zen cut shares of fuboTV from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, fuboTV presently has an average rating of “Hold” and an average price target of $4.63.

About fuboTV

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.