Alberto Horihuela Sells 47,478 Shares of FuboTV Inc. (NYSE:FUBO) Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 47,478 shares of the 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 transaction, the chief operating officer now directly owns 1,471,325 shares of the company’s stock, valued at $2,162,847.75. This represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

FuboTV Stock Performance

Shares of FuboTV stock traded up $0.13 during trading hours on Monday, reaching $1.55. The company had a trading volume of 22,046,868 shares, compared to its average volume of 10,636,982. The firm has a market cap of $517.84 million, a PE ratio of -2.31 and a beta of 1.76. FuboTV Inc. has a one year low of $1.10 and a one year high of $3.82. 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 has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $1.45.

Wall Street Analyst Weigh In

FUBO has been the topic of several research analyst reports. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its holdings in shares of 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 in the last quarter. Millennium Management LLC lifted its stake in FuboTV by 132.6% in the 2nd 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. Barclays PLC boosted its holdings in FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after purchasing an additional 688,625 shares during the period. Geode Capital Management LLC boosted its holdings in FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of FuboTV during the 1st quarter valued at $618,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.