David Gandler Sells 170,279 Shares of fuboTV (NYSE:FUBO) Stock

fuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 170,279 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $2.55, for a total value of $434,211.45. Following the completion of the transaction, the chief executive officer owned 561,428 shares in the company, valued at $1,431,641.40. This trade represents a 23.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

fuboTV Stock Down 0.2%

FUBO opened at $2.50 on Thursday. The company has a market capitalization of $855.09 million, a PE ratio of 6.93 and a beta of 1.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69. fuboTV Inc. has a fifty-two week low of $2.28 and a fifty-two week high of $6.10. The business has a 50-day moving average of $3.05 and a 200-day moving average of $3.50.

fuboTV (NYSE:FUBO) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. The business had revenue of $377.20 million during the quarter, compared to analysts’ expectations of $361.33 million. fuboTV had a negative return on equity of 6.66% and a net margin of 7.61%.The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) EPS. Equities research analysts forecast that fuboTV Inc. will post -0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Jump Financial LLC raised its stake in shares of fuboTV by 189.6% in the second quarter. Jump Financial LLC now owns 3,721,263 shares of the company’s stock valued at $14,364,000 after purchasing an additional 2,436,479 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in fuboTV by 73.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,614,497 shares of the company’s stock valued at $19,154,000 after buying an additional 1,954,352 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of fuboTV in the 3rd quarter valued at $3,169,000. Two Sigma Investments LP lifted its holdings in shares of fuboTV by 12.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock worth $27,994,000 after acquiring an additional 734,142 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of fuboTV by 2,342.4% during the 3rd quarter. Principal Financial Group Inc. now owns 579,749 shares of the company’s stock worth $2,406,000 after acquiring an additional 556,012 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About fuboTV

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.