Insider Selling: fuboTV Inc. (NYSE:FUBO) Director Sells 75,339 Shares of Stock

Key Points

• Director Transaction: fuboTV's Director, Daniel V. Leff, sold 75,339 shares at an average price of $4.14, totaling over $311,000, reducing his position by 16.71%.
• Stock Movement: fuboTV stock dropped 5.5% to $3.76, with a twelve-month range between $1.15 and $6.45.
• Analysts' Ratings: The stock received mixed ratings from analysts, with a consensus price target of $4.63 and several firms recently adjusting their price objectives upwards.

fuboTV Inc. (NYSE:FUBO - Get Free Report) Director Daniel V. Leff sold 75,339 shares of fuboTV stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $4.14, for a total transaction of $311,903.46. Following the completion of the transaction, the director directly owned 375,395 shares in the company, valued at approximately $1,554,135.30. The trade was a 16.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

fuboTV Stock Down 5.5%

FUBO traded down $0.22 during trading on Friday, reaching $3.76. 21,202,168 shares of the stock 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 stock's 50 day moving average price is $3.49 and its two-hundred day moving average price is $3.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.70.

Hedge Funds Weigh In On fuboTV

A number of institutional investors have recently added to or reduced their stakes in the company. Focus Partners Wealth acquired a new position in shares of fuboTV in the first quarter valued at $30,000. Wealthcare Advisory Partners LLC acquired a new position in shares of fuboTV in the first quarter valued at about $34,000. Cresset Asset Management LLC acquired a new position in shares of fuboTV in the first quarter valued at about $38,000. Fee Only Financial Planning L.C. acquired a new position in shares of fuboTV in the second quarter valued at about $51,000. Finally, Carnegie Investment Counsel acquired a new position in shares of fuboTV in the second quarter valued at about $51,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FUBO has been the topic of a number of research reports. Wedbush reissued 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. Needham & Company LLC boosted their price objective on shares of fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, fuboTV presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.63.

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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