FuboTV Inc. (NYSE:FUBO) CEO David Gandler Sells 1,425,888 Shares

FuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the transaction, the chief executive officer now directly owns 346,817 shares of the company’s stock, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FuboTV Stock Down 2.6 %

FUBO opened at $5.32 on Thursday. The company has a market cap of $1.78 billion, a PE ratio of -7.94 and a beta of 1.78. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a 50-day moving average price of $1.72 and a 200 day moving average price of $1.58. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “neutral” rating and issued a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.43.

Hedge Funds Weigh In On FuboTV

A number of hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors grew its holdings in shares of FuboTV by 19.5% during the third quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after buying an additional 12,000 shares in the last quarter. Apollon Wealth Management LLC grew its stake 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 in the last quarter. United Advisor Group LLC purchased a new position in FuboTV in the 3rd quarter worth approximately $26,000. Hibernia Wealth Partners LLC purchased a new stake in shares of FuboTV in the third quarter valued at approximately $27,000. Finally, Algert Global LLC acquired a new position in FuboTV during the second quarter worth $37,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

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.