FuboTV Inc. (NYSE:FUBO) CEO David Gandler Sells 1,425,888 Shares

FuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the sale, the chief executive officer now directly owns 346,817 shares in the company, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

FuboTV Price Performance

Shares of NYSE FUBO opened at $5.11 on Friday. 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 current ratio of 0.54 and a quick ratio of 0.54. The business’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $1.63. The firm has a market capitalization of $1.71 billion, a PE ratio of -7.63 and a beta of 1.78.

Institutional Investors Weigh In On FuboTV

Several large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP increased its position in FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after buying an additional 4,461,707 shares during the period. Geode Capital Management LLC grew its stake in shares of FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after purchasing an additional 425,906 shares in the last quarter. State Street Corp grew its stake in shares of FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after purchasing an additional 132,167 shares in the last quarter. Millennium Management LLC grew its stake in shares of FuboTV by 132.6% in the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “neutral” rating and set a $4.75 price target (up from $2.00) on shares of FuboTV in a research report on Tuesday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.