FuboTV (NYSE:FUBO) Shares Gap Down on Insider Selling

Shares of FuboTV Inc. (NYSE:FUBO - Get Free Report) gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $4.45, but opened at $4.31. FuboTV shares last traded at $4.50, with a volume of 8,713,087 shares.

Specifically, COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction on Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the sale, the chief operating officer now owns 1,446,730 shares of the company's stock, valued at approximately $8,651,445.40. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alberto Horihuela sold 403,847 shares of the company's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total transaction of $2,435,197.41. Following the transaction, the chief operating officer now owns 1,449,751 shares of the company's stock, valued at $8,741,998.53. This represents a 21.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the sale, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

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

FuboTV Trading Up 1.4 %

The stock has a market capitalization of $1.33 billion, a PE ratio of -5.95 and a beta of 1.78. The company's 50 day moving average price is $2.02 and its two-hundred day moving average price is $1.70. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

Institutional Trading of FuboTV

A number of hedge funds have recently bought and sold shares of FUBO. Bank of New York Mellon Corp grew its position in shares of FuboTV by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company's stock valued at $1,330,000 after purchasing an additional 127,978 shares in the last quarter. XTX Topco Ltd grew its holdings in FuboTV by 145.1% in the 2nd quarter. XTX Topco Ltd now owns 187,926 shares of the company's stock valued at $233,000 after buying an additional 111,268 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of FuboTV during the 2nd quarter worth $92,000. ProShare Advisors LLC boosted its position in shares of FuboTV by 71.3% during the 2nd quarter. ProShare Advisors LLC now owns 197,037 shares of the company's stock valued at $244,000 after acquiring an additional 82,042 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company's stock valued at $10,383,000 after acquiring an additional 4,461,707 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

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.