Shares of FuboTV Inc. (NYSE:FUBO - Get Free Report) dropped 5.2% on Thursday . The company traded as low as $4.23 and last traded at $4.23. Approximately 2,548,031 shares traded hands during trading, a decline of 97% from the average daily volume of 79,806,555 shares. The stock had previously closed at $4.46.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Roth Mkm reaffirmed a "neutral" rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research raised shares of FuboTV to a "strong-buy" rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $3.43.
Check Out Our Latest Analysis on FuboTV
FuboTV Trading Down 1.9 %
The firm has a market capitalization of $1.22 billion, a P/E ratio of -5.45 and a beta of 1.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a 50 day simple moving average of $3.00 and a two-hundred day simple moving average of $2.06.
Insider Transactions at FuboTV
In other news, CEO David Gandler sold 1,425,888 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the transaction, the chief executive officer now directly owns 346,817 shares of the company's stock, valued at $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John Janedis sold 74,326 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the transaction, the chief financial officer now directly owns 76,766 shares in the company, valued at approximately $112,846.02. This represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,957,407 shares of company stock valued at $9,793,039. 7.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On FuboTV
A number of institutional investors and hedge funds have recently modified their holdings of the business. Corebridge Financial Inc. grew its stake in FuboTV by 2.1% during the 4th quarter. Corebridge Financial Inc. now owns 160,328 shares of the company's stock valued at $202,000 after purchasing an additional 3,321 shares during the last quarter. Xponance Inc. grew its stake in FuboTV by 19.1% during the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock valued at $29,000 after purchasing an additional 3,689 shares during the last quarter. Arizona State Retirement System grew its stake in FuboTV by 10.7% during the 4th quarter. Arizona State Retirement System now owns 95,578 shares of the company's stock valued at $120,000 after purchasing an additional 9,230 shares during the last quarter. EWG Elevate Inc. lifted its holdings in shares of FuboTV by 50.0% in the 4th quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock valued at $38,000 after buying an additional 10,000 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in shares of FuboTV by 19.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company's stock valued at $105,000 after buying an additional 12,000 shares during the period. 39.31% of the stock is owned by institutional investors.
About FuboTV
(
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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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