Insider Selling: FuboTV Inc. (NYSE:FUBO) COO Sells 403,847 Shares of Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 403,847 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total value of $2,435,197.41. Following the transaction, the chief operating officer now owns 1,449,751 shares of the company’s stock, valued at $8,741,998.53. This trade represents a 21.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alberto Horihuela also recently made the following trade(s):

• On Thursday, November 21st, Alberto Horihuela sold 47,478 shares of FuboTV stock. The shares were sold at an average price of $1.47, for a total value of $69,792.66.

FuboTV Price Performance

FuboTV stock traded down $0.24 on Friday, reaching $5.11. The company’s stock had a trading volume of 99,974,845 shares, compared to its average volume of 228,284,781. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -7.63 and a beta of 1.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The business’s fifty day moving average price is $1.79 and its 200 day moving average price is $1.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. United Advisor Group LLC bought a new position in FuboTV in the 3rd quarter valued at $26,000. Hibernia Wealth Partners LLC bought a new position in FuboTV in the third quarter valued at about $27,000. Algert Global LLC bought a new position in FuboTV in the second quarter valued at about $37,000. Apollon Wealth Management LLC increased its position in FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in FuboTV during the 2nd quarter worth about $92,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a report on Tuesday. Four 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 a consensus rating of “Hold” and a consensus target price of $3.43.

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.