Insider Selling: FuboTV Inc. (NYSE:FUBO) COO Sells 47,478 Shares of Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the sale, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

FuboTV Trading Up 9.2 %

Shares of FUBO traded up $0.13 during mid-day trading on Monday, reaching $1.55. The company’s stock had a trading volume of 22,046,868 shares, compared to its average volume of 10,636,982. FuboTV Inc. has a 52 week low of $1.10 and a 52 week high of $3.82. The stock has a market cap of $517.84 million, a PE ratio of -2.31 and a beta of 1.76. The company’s fifty day moving average price is $1.52 and its two-hundred day moving average price is $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.

Hedge Funds Weigh In On FuboTV

A number of large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of FuboTV by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after buying an additional 9,229 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of FuboTV by 19.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock valued at $105,000 after acquiring an additional 12,000 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after acquiring an additional 12,431 shares during the period. United Advisor Group LLC bought a new position in FuboTV during the 3rd quarter worth approximately $26,000. Finally, Hibernia Wealth Partners LLC purchased a new position in FuboTV in the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on FUBO. Seaport Res Ptn downgraded shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Barrington Research reaffirmed a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $2.00 target price on shares of FuboTV in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.88.

About FuboTV

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.