fuboTV (NYSE:FUBO) CEO Sells $434,211.45 in Stock

fuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 170,279 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $2.55, for a total value of $434,211.45. Following the sale, the chief executive officer directly owned 561,428 shares of the company’s stock, valued at approximately $1,431,641.40. This represents a 23.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

fuboTV Stock Performance

Shares of FUBO opened at $2.48 on Friday. The stock has a market capitalization of $848.24 million, a P/E ratio of 6.88 and a beta of 1.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 0.69. fuboTV Inc. has a 1 year low of $2.28 and a 1 year high of $5.99. The company’s fifty day moving average is $3.02 and its two-hundred day moving average is $3.50.

fuboTV (NYSE:FUBO) last released its earnings results on Monday, November 3rd. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. fuboTV had a net margin of 7.61% and a negative return on equity of 6.66%. The company had revenue of $377.20 million during the quarter, compared to analysts’ expectations of $361.33 million. During the same quarter last year, the business earned ($0.08) EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts predict that fuboTV Inc. will post -0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FUBO shares. Needham & Company LLC reissued a “buy” rating and set a $4.25 target price on shares of fuboTV in a research note on Tuesday, November 4th. Raymond James Financial began coverage on fuboTV in a research report on Monday, December 1st. They issued a “market perform” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of fuboTV from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Finally, Zacks Research cut shares of fuboTV from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.58.

Institutional Trading of fuboTV

Large investors have recently bought and sold shares of the company. Federated Hermes Inc. raised its stake in shares of fuboTV by 177.4% during the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after buying an additional 4,413 shares during the last quarter. Focus Partners Wealth purchased a new position in fuboTV during the 1st quarter valued at about $30,000. Byrne Asset Management LLC acquired a new position in fuboTV during the third quarter worth about $35,000. Tripletail Wealth Management LLC purchased a new stake in shares of fuboTV in the second quarter valued at about $37,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of fuboTV by 254,550.0% in the third quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company’s stock valued at $42,000 after purchasing an additional 10,182 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Company Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.