fuboTV (NYSE:FUBO) CFO Sells $407,091.36 in Stock

fuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 130,478 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $3.12, for a total transaction of $407,091.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

John Janedis also recently made the following trade(s):

• On Friday, November 21st, John Janedis sold 170,585 shares of fuboTV stock. The stock was sold at an average price of $3.16, for a total value of $539,048.60.

fuboTV Trading Up 0.5%

FUBO traded up $0.02 during trading hours on Tuesday, reaching $3.12. The company’s stock had a trading volume of 9,035,340 shares, compared to its average volume of 23,376,926. fuboTV Inc. has a fifty-two week low of $1.21 and a fifty-two week high of $6.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $1.07 billion, a PE ratio of 8.65 and a beta of 2.55. The business’s 50-day moving average is $3.82 and its 200-day moving average is $3.63.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on FUBO. Wedbush reaffirmed an “outperform” rating and set a $6.00 price objective (up previously from $5.00) on shares of fuboTV in a report on Wednesday, July 30th. Needham & Company LLC reissued a “buy” rating and set a $4.25 price objective on shares of fuboTV in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th. Zacks Research raised fuboTV from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen cut fuboTV from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4.63.

Institutional Investors Weigh In On fuboTV

A number of hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its position in shares of fuboTV by 177.4% during the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after acquiring an additional 4,413 shares during the last quarter. Focus Partners Wealth acquired a new position in fuboTV during the 1st quarter valued at about $30,000. Byrne Asset Management LLC bought a new position in fuboTV in the 3rd quarter worth about $35,000. Tripletail Wealth Management LLC acquired a new stake in shares of fuboTV in the second quarter valued at approximately $37,000. Finally, Cresset Asset Management LLC bought a new stake in shares of fuboTV during the first quarter valued at approximately $38,000. 39.31% of the stock is currently owned by institutional investors.

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.