Insider Selling: fuboTV (NYSE:FUBO) CFO Sells $407,091.36 in Stock

fuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 130,478 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $3.12, for a total transaction of $407,091.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

John Janedis also recently made the following trade(s):

• On Friday, November 21st, John Janedis sold 170,585 shares of fuboTV stock. The stock was sold at an average price of $3.16, for a total value of $539,048.60.

fuboTV Price Performance

Shares of FUBO stock traded up $0.02 during mid-day trading on Tuesday, hitting $3.12. 9,035,340 shares of the stock traded hands, compared to its average volume of 23,376,926. fuboTV Inc. has a twelve month low of $1.21 and a twelve month high of $6.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 0.69. The company’s 50-day simple moving average is $3.82 and its 200-day simple moving average is $3.63. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 8.65 and a beta of 2.55.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06. fuboTV had a net margin of 7.61% and a negative return on equity of 6.66%. The company had revenue of $377.20 million for the quarter, compared to analysts’ expectations of $361.33 million. During the same quarter in the previous year, the company posted ($0.08) EPS. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts expect that fuboTV Inc. will post -0.51 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of fuboTV in a report on Wednesday, October 8th. Wedbush reissued an “outperform” rating and issued a $6.00 price target (up previously from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Needham & Company LLC restated a “buy” rating and set a $4.25 price objective on shares of fuboTV in a report on Tuesday, November 4th. Zacks Research raised shares of fuboTV from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of fuboTV from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.63.

Institutional Trading of fuboTV

Several institutional investors have recently made changes to their positions in FUBO. CIBC Bancorp USA Inc. purchased a new stake in fuboTV in the 3rd quarter worth approximately $148,000. Second Line Capital LLC raised its holdings in shares of fuboTV by 1.8% during the third quarter. Second Line Capital LLC now owns 397,612 shares of the company’s stock worth $1,650,000 after acquiring an additional 7,000 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in fuboTV by 13.2% during the third quarter. Kestra Private Wealth Services LLC now owns 42,757 shares of the company’s stock valued at $177,000 after purchasing an additional 5,000 shares during the last quarter. Quadcap Wealth Management LLC grew its stake in fuboTV by 21.7% in the third quarter. Quadcap Wealth Management LLC now owns 55,908 shares of the company’s stock valued at $232,000 after purchasing an additional 9,986 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of fuboTV during the 3rd quarter worth about $145,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

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.