Alberto Horihuela Sells 5,868 Shares of FuboTV Inc. (NYSE:FUBO) Stock

FuboTV Inc. (NYSE:FUBO - Get Free Report) COO Alberto Horihuela sold 5,868 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $5.98, for a total transaction of $35,090.64. Following the completion of the transaction, the chief operating officer now directly owns 1,446,730 shares in the company, valued at $8,651,445.40. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Alberto Horihuela also recently made the following trade(s):

• On Tuesday, January 7th, Alberto Horihuela sold 403,847 shares of FuboTV stock. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41.
• On Thursday, November 21st, Alberto Horihuela sold 47,478 shares of FuboTV stock. The shares were sold at an average price of $1.47, for a total value of $69,792.66.

FuboTV Price Performance

Shares of NYSE:FUBO traded down $0.64 during midday trading on Tuesday, hitting $3.81. The company had a trading volume of 65,484,271 shares, compared to its average volume of 186,879,031. The business's 50-day simple moving average is $1.93 and its 200-day simple moving average is $1.66. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -5.69 and a beta of 1.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a "neutral" rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, FuboTV presently has an average rating of "Hold" and a consensus price target of $3.43.

Institutional Trading of FuboTV

Hedge funds and other institutional investors have recently modified their holdings of the stock. EWG Elevate Inc. grew its position in FuboTV by 50.0% in the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock worth $38,000 after acquiring an additional 10,000 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of FuboTV by 19.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company's stock worth $105,000 after purchasing an additional 12,000 shares during the period. Apollon Wealth Management LLC increased its position in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company's stock worth $61,000 after purchasing an additional 12,431 shares during the last quarter. United Advisor Group LLC purchased a new stake in FuboTV in the 3rd quarter valued at about $26,000. Finally, Hibernia Wealth Partners LLC acquired a new position in FuboTV in the third quarter valued at about $27,000. 39.31% of the stock is owned by institutional investors and hedge funds.

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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