Ignacio Figueras Sells 66,061 Shares of fuboTV Inc. (NYSE:FUBO) Stock

fuboTV Inc. (NYSE:FUBO) Director Ignacio Figueras sold 66,061 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was 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 of the company’s stock, valued at approximately $1,712,558.34. The trade was a 14.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

fuboTV Stock Down 5.5%

fuboTV stock opened at $3.76 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of 18.80 and a beta of 2.28. fuboTV Inc. has a 12-month low of $1.15 and a 12-month high of $6.45. The firm’s fifty day moving average is $3.50 and its 200 day 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.

Hedge Funds Weigh In On fuboTV

Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in fuboTV by 2.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company’s stock worth $138,000 after buying an additional 2,668 shares during the period. USAdvisors Wealth Management LLC raised its position in shares of fuboTV by 2.7% during the second quarter. USAdvisors Wealth Management LLC now owns 114,031 shares of the company’s stock worth $439,000 after purchasing an additional 3,000 shares during the period. Corebridge Financial Inc. lifted 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 worth $202,000 after purchasing an additional 3,321 shares in the last quarter. Principal Financial Group Inc. grew its position in fuboTV by 23.3% in the 1st quarter. Principal Financial Group Inc. now owns 22,468 shares of the company’s stock valued at $66,000 after purchasing an additional 4,239 shares during the period. Finally, MetLife Investment Management LLC increased its stake in fuboTV by 3.0% during the 1st quarter. MetLife Investment Management LLC now owns 207,550 shares of the company’s stock valued at $606,000 after purchasing an additional 6,038 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FUBO shares. Wedbush reaffirmed an “outperform” rating and issued a $6.00 price objective (up previously from $5.00) on shares of fuboTV in a research note on Wednesday. Needham & Company LLC upped their price target on shares of fuboTV from $3.00 to $4.25 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of fuboTV from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, fuboTV currently has an average rating of “Moderate Buy” and an average target price 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.