fuboTV Inc. (NYSE:FUBO) Director Sells $243,104.48 in Stock

Key Points

• Director Daniel V. Leff sold 66,061 shares of fuboTV stock at an average price of $3.68, reducing his position by 14.47%.
• fuboTV shares traded down 2.2% to a price of $3.62, with a market cap of $1.24 billion and a P/E ratio of 13.92.
• Recent analyst ratings for fuboTV include a target price increase to $4.25 from Needham & Company and a downgrade to "hold" by Wall Street Zen, reflecting mixed outlooks.

fuboTV Inc. (NYSE:FUBO - Get Free Report) Director Daniel V. Leff sold 66,061 shares of fuboTV stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $3.68, for a total value of $243,104.48. Following the transaction, the director directly owned 390,427 shares in the company, valued at approximately $1,436,771.36. This trade represents a 14.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

fuboTV Price Performance

Shares of fuboTV stock traded up $0.15 during trading on Monday, reaching $3.78. 12,330,442 shares of the company's stock were exchanged, compared to its average volume of 27,040,389. fuboTV Inc. has a 1-year low of $1.21 and a 1-year high of $6.45. The firm's 50-day moving average price is $3.53 and its 200 day moving average price is $3.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $1.29 billion, a P/E ratio of 14.54 and a beta of 2.28.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Needham & Company LLC upped their target price on fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen cut fuboTV from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Wedbush reissued an "outperform" rating and issued a $6.00 price objective (up from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tripletail Wealth Management LLC bought a new stake in shares of fuboTV during the 2nd quarter valued at about $37,000. Focus Partners Wealth purchased a new position in shares of fuboTV in the 1st quarter worth about $30,000. First Trust Advisors LP purchased a new position in shares of fuboTV in the 2nd quarter worth about $44,000. Wealthcare Advisory Partners LLC purchased a new position in shares of fuboTV in the 1st quarter worth about $34,000. Finally, Cresset Asset Management LLC bought a new stake in shares of fuboTV in the 1st quarter valued at about $38,000. 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.