David Gandler Sells 1,425,888 Shares of FuboTV Inc. (NYSE:FUBO) Stock

FuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 1,425,888 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the transaction, the chief executive officer now directly owns 346,817 shares in the company, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

FuboTV Stock Performance

FUBO opened at $5.32 on Friday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -7.94 and a beta of 1.78. The company’s fifty day moving average price is $1.79 and its two-hundred day moving average price is $1.61. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Institutional Investors Weigh In On FuboTV

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares in the last quarter. Marshall Wace LLP boosted its position in shares of FuboTV by 114.1% during the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after buying an additional 4,461,707 shares during the last quarter. Barclays PLC grew its holdings in FuboTV by 121.3% during the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after buying an additional 688,625 shares in the last quarter. Geode Capital Management LLC raised its position in FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after buying an additional 425,906 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after acquiring an additional 200,154 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “neutral” rating and set a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FuboTV currently has an average rating of “Hold” and an average 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.