Insider Selling: fuboTV (NYSE:FUBO) CFO Sells 170,585 Shares of Stock

fuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 170,585 shares of fuboTV stock in a transaction on Friday, November 21st. The stock was sold at an average price of $3.16, for a total value of $539,048.60. Following the sale, the chief financial officer directly owned 130,478 shares of the company’s stock, valued at $412,310.48. This represents a 56.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, November 24th, John Janedis sold 130,478 shares of fuboTV stock. The stock was sold at an average price of $3.12, for a total value of $407,091.36.

fuboTV Trading Up 0.5%

FUBO stock traded up $0.02 during mid-day trading 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. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 8.65 and a beta of 2.55. fuboTV Inc. has a 12 month low of $1.21 and a 12 month high of $6.45. The business’s 50 day moving average price is $3.82 and its 200 day moving average price is $3.63. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48.

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

Hedge Funds Weigh In On fuboTV

A number of hedge funds and other institutional investors have recently modified their holdings of FUBO. Federated Hermes Inc. raised its position in fuboTV by 177.4% in the 3rd quarter. Federated Hermes Inc. now owns 6,900 shares of the company’s stock worth $29,000 after purchasing an additional 4,413 shares during the period. Byrne Asset Management LLC bought a new stake in shares of fuboTV in the 3rd quarter valued at about $35,000. Titleist Asset Management LLC bought a new position in shares of fuboTV during the 3rd quarter worth approximately $42,000. Farther Finance Advisors LLC lifted its position in fuboTV by 254,550.0% during the third quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company’s stock valued at $42,000 after acquiring an additional 10,182 shares during the last quarter. Finally, Tripletail Wealth Management LLC acquired a new stake in shares of fuboTV in the 2nd quarter worth $37,000. Institutional investors own 39.31% of the company’s stock.

Analyst Upgrades and Downgrades

FUBO has been the topic of several research analyst reports. Wall Street Zen cut shares of fuboTV from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Zacks Research raised shares of fuboTV from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Wedbush reiterated an “outperform” rating and issued a $6.00 target price (up previously from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Needham & Company LLC restated a “buy” rating and set a $4.25 price target on shares of fuboTV in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of fuboTV in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, fuboTV has a consensus rating of “Moderate Buy” and an average target price of $4.63.

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.