Insider Selling: FuboTV Inc. (NYSE:FUBO) CFO Sells $107,423.68 in Stock

FuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FuboTV Stock Performance

Shares of NYSE FUBO opened at $3.59 on Thursday. FuboTV Inc. has a 1 year low of $1.10 and a 1 year high of $6.45. 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 stock has a fifty day moving average price of $3.46 and a two-hundred day moving average price of $2.24. The firm has a market cap of $1.20 billion, a P/E ratio of -5.35 and a beta of 1.98.

Hedge Funds Weigh In On FuboTV

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in FuboTV by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock valued at $23,532,000 after buying an additional 1,377,663 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of FuboTV by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company’s stock valued at $9,412,000 after acquiring an additional 365,827 shares during the period. State Street Corp lifted its position in shares of FuboTV by 1.9% in the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after acquiring an additional 132,167 shares in the last quarter. Renaissance Technologies LLC boosted its stake in FuboTV by 45.1% in the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock worth $5,449,000 after purchasing an additional 1,344,956 shares during the period. Finally, Northern Trust Corp grew its position in FuboTV by 16.9% during the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock worth $3,780,000 after purchasing an additional 434,406 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FUBO. Roth Mkm reaffirmed a “neutral” rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Huber Research upgraded FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.