FuboTV Inc. (NYSE:FUBO) CFO John Janedis Sells 25,823 Shares

FuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 25,823 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

FuboTV Price Performance

Shares of FUBO opened at $4.02 on Tuesday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -5.99 and a beta of 1.98. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50-day moving average is $3.37 and its 200-day moving average is $2.21.

Hedge Funds Weigh In On FuboTV

A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in shares of FuboTV by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company’s stock valued at $138,000 after purchasing an additional 2,668 shares during the period. Corebridge Financial Inc. increased its holdings in shares of FuboTV by 2.1% in 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 period. Xponance Inc. increased its holdings in FuboTV by 19.1% in the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock worth $29,000 after buying an additional 3,689 shares during the last quarter. Invesco Ltd. increased its holdings in FuboTV by 1.8% in the fourth quarter. Invesco Ltd. now owns 487,104 shares of the company’s stock worth $614,000 after buying an additional 8,475 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in FuboTV by 10.7% in the fourth quarter. Arizona State Retirement System now owns 95,578 shares of the company’s stock worth $120,000 after buying an additional 9,230 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Roth Mkm reaffirmed a “neutral” rating and set 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 note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.43.

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.