FuboTV (NYSE:FUBO) Shares Gap Down – Here’s Why

by · The Markets Daily

FuboTV Inc. (NYSE:FUBO – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $5.46, but opened at $4.63. FuboTV shares last traded at $4.71, with a volume of 33,341,018 shares.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “neutral” rating and set a $4.75 price objective (up from $2.00) on shares of FuboTV in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.43.

View Our Latest Stock Report on FuboTV

FuboTV Stock Performance

The firm has a market capitalization of $1.88 billion, a PE ratio of -8.42 and a beta of 1.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The business’s fifty day simple moving average is $1.65 and its 200-day simple moving average is $1.55.

Insiders Place Their Bets

In related news, COO Alberto Horihuela sold 47,478 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $69,792.66. Following the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Janedis sold 74,326 shares of FuboTV stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total transaction of $109,259.22. Following the transaction, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Institutional Trading of FuboTV

Several institutional investors and hedge funds have recently made changes to their positions in FUBO. United Advisor Group LLC bought a new position in shares of FuboTV during the 3rd quarter worth $26,000. Hibernia Wealth Partners LLC bought a new position in FuboTV during the 3rd quarter worth about $27,000. Algert Global LLC purchased a new position in FuboTV during the 2nd quarter valued at about $37,000. Apollon Wealth Management LLC lifted its position in shares of FuboTV by 41.2% in 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 period. Finally, Canada Pension Plan Investment Board bought a new position in shares of FuboTV during the second quarter valued at approximately $92,000. 39.31% of the stock is currently owned by institutional investors.

FuboTV Company Profile

(Get Free Report)

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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