Insider Selling: fuboTV Inc. (NYSE:FUBO) Director Sells 66,061 Shares of Stock

Key Points

• fuboTV Inc. Director Ignacio Figueras sold 66,061 shares at an average price of $4.26, resulting in a total sale value of approximately $281,420, reducing his ownership by 14.11%.
• fuboTV's stock price decreased by 5.5% to $3.76, with a significant trading volume of over 21 million shares during recent sessions.
• Analysts have increased their price targets on fuboTV, with Needham raising it to $4.25 and Wedbush to $6.00, reflecting a positive outlook with a consensus rating of "Moderate Buy."

fuboTV Inc. (NYSE:FUBO - Get Free Report) Director Ignacio Figueras sold 66,061 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $4.26, for a total value of $281,419.86. Following the completion of the transaction, the director directly owned 402,009 shares in the company, valued at approximately $1,712,558.34. This trade represents a 14.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

fuboTV Stock Down 5.5%

fuboTV stock traded down $0.22 during mid-day trading on Friday, reaching $3.76. 21,202,168 shares of the company were exchanged, compared to its average volume of 16,661,395. fuboTV Inc. has a twelve month low of $1.15 and a twelve month high of $6.45. The firm's 50-day simple moving average is $3.49 and its two-hundred day simple moving average is $3.36. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Needham & Company LLC increased their price objective on fuboTV from $3.00 to $4.25 and gave the company a "buy" rating in a report on Wednesday. Wedbush reissued an "outperform" rating and issued a $6.00 target price (up from $5.00) on shares of fuboTV in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, fuboTV currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.63.

Institutional Trading of fuboTV

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in fuboTV by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company's stock worth $61,742,000 after acquiring an additional 2,468,067 shares during the period. Geode Capital Management LLC lifted its holdings in shares of fuboTV by 5.2% in the 4th 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 period. Renaissance Technologies LLC lifted its holdings in shares of fuboTV by 45.1% in the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock valued at $5,449,000 after buying an additional 1,344,956 shares during the period. Nuveen LLC acquired a new stake in shares of fuboTV in the 1st quarter valued at approximately $8,930,000. Finally, Northern Trust Corp lifted its holdings in shares of fuboTV by 16.9% in the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock valued at $3,780,000 after buying an additional 434,406 shares during the period. 39.31% of the stock is owned by institutional investors and hedge funds.

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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