Insider Selling: FuboTV Inc. (NYSE:FUBO) COO Sells $69,792.66 in Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 47,478 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the sale, the chief operating officer now directly owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. This represents a 3.13 % 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.

FuboTV Trading Up 2.7 %

NYSE FUBO opened at $1.50 on Thursday. The company has a market capitalization of $501.14 million, a PE ratio of -2.24 and a beta of 1.76. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $3.82. 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’s fifty day simple moving average is $1.52 and its 200-day simple moving average is $1.45.

Institutional Investors Weigh In On FuboTV

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its stake in shares of FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after buying an additional 688,625 shares in the last quarter. Geode Capital Management LLC grew its position in FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after acquiring an additional 425,906 shares in the last quarter. State Street Corp grew its position in FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after acquiring an additional 132,167 shares in the last quarter. FMR LLC increased its stake in shares of FuboTV by 84.5% during the 3rd quarter. FMR LLC now owns 101,914 shares of the company’s stock worth $145,000 after purchasing an additional 46,670 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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