Daniel V. Leff Sells 59,694 Shares of fuboTV Inc. (NYSE:FUBO) Stock

Key Points

• Director Daniel V. Leff sold 59,694 shares of fuboTV stock at an average price of $3.62, resulting in an 87.31% decrease in his holdings.
• fuboTV's stock has declined 1.5%, trading at $3.71 with a market cap of $1.27 billion, after a significant trading volume of over 12 million shares.
• Recent analyst ratings show a mix of sentiments, with Wedbush giving an "outperform" rating and a price objective increase to $6.00, while Wall Street Zen downgraded the stock to "hold."

fuboTV Inc. (NYSE:FUBO - Get Free Report) Director Daniel V. Leff sold 59,694 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $3.62, for a total value of $216,092.28. Following the completion of the transaction, the director owned 8,673 shares of the company's stock, valued at approximately $31,396.26. This trade represents a 87.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

fuboTV Stock Down 1.5%

Shares of NYSE FUBO traded down $0.06 during trading on Thursday, reaching $3.71. The company had a trading volume of 12,367,828 shares, compared to its average volume of 20,901,848. fuboTV Inc. has a 12-month low of $1.21 and a 12-month high of $6.45. The stock has a market cap of $1.27 billion, a PE ratio of 14.25 and a beta of 2.28. The business's 50-day moving average is $3.53 and its 200 day moving average is $3.36. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On fuboTV

A number of institutional investors have recently modified their holdings of FUBO. LPL Financial LLC grew its stake in shares of fuboTV by 65.7% in the fourth quarter. LPL Financial LLC now owns 112,722 shares of the company's stock worth $142,000 after acquiring an additional 44,705 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of fuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock worth $23,532,000 after acquiring an additional 1,377,663 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of fuboTV by 41.6% during the fourth quarter. Franklin Resources Inc. now owns 44,960 shares of the company's stock valued at $57,000 after buying an additional 13,215 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of fuboTV by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company's stock valued at $9,412,000 after buying an additional 365,827 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of fuboTV by 1.8% during the fourth quarter. Invesco Ltd. now owns 487,104 shares of the company's stock valued at $614,000 after buying an additional 8,475 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FUBO has been the subject of a number of research reports. Wedbush reiterated an "outperform" rating and issued a $6.00 price objective (up previously from $5.00) on shares of fuboTV in a report on Wednesday, July 30th. Needham & Company LLC increased their price objective on fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen cut fuboTV from a "buy" rating to a "hold" rating in a research note on Sunday. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, fuboTV presently has an average rating of "Moderate Buy" and an average price target of $4.63.

fuboTV Company Profile

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.

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