Daniel V. Leff Sells 66,061 Shares of fuboTV (NYSE:FUBO) 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 that occurred on Thursday, August 14th. The shares were sold at an average price of $3.68, for a total value of $243,104.48. Following the sale, the director directly owned 390,427 shares in the company, valued at approximately $1,436,771.36. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

fuboTV Stock Down 3.3%

fuboTV stock traded down $0.1150 during trading hours on Wednesday, hitting $3.3650. 14,701,281 shares of the stock traded hands, compared to its average volume of 21,621,456. The firm's 50-day moving average price is $3.55 and its two-hundred day moving average price is $3.34. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.15 billion, a PE ratio of 12.94 and a beta of 2.28. fuboTV Inc. has a one year low of $1.21 and a one year high of $6.45.

Hedge Funds Weigh In On fuboTV

Hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new position in fuboTV in the 1st quarter worth approximately $30,000. Wealthcare Advisory Partners LLC purchased a new position in fuboTV in the 1st quarter worth approximately $34,000. Raymond James Financial Inc. purchased a new position in fuboTV in the 4th quarter worth approximately $35,000. Balyasny Asset Management L.P. purchased a new position in fuboTV in the 4th quarter worth approximately $36,000. Finally, Tripletail Wealth Management LLC purchased a new position in fuboTV in the 2nd quarter worth approximately $37,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on FUBO. Needham & Company LLC lifted their price objective on fuboTV from $3.00 to $4.25 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered shares of fuboTV from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Wedbush reiterated an "outperform" rating and set a $6.00 target price (up from $5.00) on shares of fuboTV in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, fuboTV currently has a consensus rating of "Buy" and a consensus target price of $4.63.

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.