Insider Selling: fuboTV (NYSE:FUBO) Director Sells 59,694 Shares of 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 business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $3.62, for a total transaction of $216,092.28. Following the transaction, the director owned 8,673 shares in the company, valued at approximately $31,396.26. This trade represents a 87.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

fuboTV Stock Performance

FUBO stock traded down $0.2450 during midday trading on Tuesday, hitting $3.5250. The company's stock had a trading volume of 10,695,921 shares, compared to its average volume of 26,928,324. The stock's 50-day moving average price is $3.54 and its 200 day moving average price is $3.34. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.47. fuboTV Inc. has a 1 year low of $1.21 and a 1 year high of $6.45. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 13.56 and a beta of 2.28.

Wall Street Analysts Forecast Growth

Several analysts have commented on FUBO shares. Wedbush reaffirmed an "outperform" rating and issued a $6.00 price objective (up previously from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Wall Street Zen lowered fuboTV from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Needham & Company LLC raised their price target on shares of fuboTV from $3.00 to $4.25 and gave the company a "buy" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $4.63.

Institutional Trading of fuboTV

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth bought a new position in fuboTV in the first quarter worth $30,000. Wealthcare Advisory Partners LLC bought a new position in shares of fuboTV in the 1st quarter worth about $34,000. Raymond James Financial Inc. bought a new position in shares of fuboTV in the 4th quarter worth about $35,000. Balyasny Asset Management L.P. purchased a new position in fuboTV during the 4th quarter valued at about $36,000. Finally, Tripletail Wealth Management LLC bought a new stake in fuboTV during the second quarter worth about $37,000. Institutional investors own 39.31% of the company's stock.

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.