FuboTV (NYSE:FUBO) Given “Neutral” Rating at Roth Mkm

Roth Mkm restated their neutral rating on shares of FuboTV (NYSE:FUBO) in a report released on Tuesday morning,Benzinga reports. They currently have a $4.75 price objective on the stock, up from their previous price objective of $2.00.

FuboTV Stock Up 7.7 %

Shares of FUBO opened at $5.45 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a 12 month low of $1.10 and a 12 month high of $6.45. The firm’s 50 day moving average is $1.65 and its 200-day moving average is $1.55. The stock has a market capitalization of $1.82 billion, a PE ratio of -8.13 and a beta of 1.78.

Insider Buying and Selling at FuboTV

In other news, CFO John Janedis sold 74,326 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $109,259.22. Following the completion of the sale, the chief financial officer now owns 76,766 shares of the company’s stock, valued at approximately $112,846.02. This represents a 49.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the completion of the transaction, the chief operating officer now directly owns 1,471,325 shares in the company, valued at $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Several institutional investors and hedge funds have recently modified their holdings of the business. United Advisor Group LLC bought a new position in FuboTV in the third quarter valued at about $26,000. Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV in the 3rd quarter valued at approximately $27,000. Algert Global LLC bought a new stake in shares of FuboTV during the 2nd quarter valued at approximately $37,000. Apollon Wealth Management LLC increased its position in FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in FuboTV by 19.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock valued at $105,000 after purchasing an additional 12,000 shares during the last quarter. 39.31% of the stock is currently owned by institutional investors.

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.