FuboTV Inc. (NYSE:FUBO) CEO Sells $7,143,698.88 in Stock

FuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.01, for a total value of $7,143,698.88. Following the sale, the chief executive officer now owns 346,817 shares of the company’s stock, valued at $1,737,553.17. The trade was a 80.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

FuboTV Stock Down 4.5 %

NYSE FUBO opened at $5.11 on Friday. The stock has a market cap of $1.71 billion, a PE ratio of -7.63 and a beta of 1.78. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The business has a 50 day moving average price of $1.86 and a two-hundred day moving average price of $1.63. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Hedge Funds Weigh In On FuboTV

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arkadios Wealth Advisors boosted its holdings in FuboTV by 19.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after acquiring an additional 12,000 shares during the period. Apollon Wealth Management LLC raised 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 valued at $61,000 after purchasing an additional 12,431 shares in the last quarter. United Advisor Group LLC acquired a new position in shares of FuboTV in the 3rd quarter valued at approximately $26,000. Hibernia Wealth Partners LLC acquired a new position in shares of FuboTV in the 3rd quarter valued at approximately $27,000. Finally, Algert Global LLC acquired a new position in shares of FuboTV in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a report on Tuesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.