John Janedis Sells 25,823 Shares of FuboTV Inc. (NYSE:FUBO) Stock

FuboTV Inc. (NYSE:FUBO) CFO John Janedis sold 25,823 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FuboTV Stock Performance

NYSE:FUBO traded up $0.26 during trading on Monday, reaching $4.02. The company’s stock had a trading volume of 41,675,910 shares, compared to its average volume of 61,461,070. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $6.45. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -5.99 and a beta of 1.99. The firm has a 50 day moving average of $3.31 and a 200-day moving average of $2.19. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

Hedge Funds Weigh In On FuboTV

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in FuboTV by 2.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company’s stock worth $138,000 after acquiring an additional 2,668 shares during the period. Corebridge Financial Inc. raised its holdings in shares of FuboTV by 2.1% in the 4th quarter. Corebridge Financial Inc. now owns 160,328 shares of the company’s stock worth $202,000 after purchasing an additional 3,321 shares during the period. Xponance Inc. lifted its stake in FuboTV by 19.1% in the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after purchasing an additional 3,689 shares during the last quarter. Invesco Ltd. grew its holdings in FuboTV by 1.8% during the fourth quarter. Invesco Ltd. now owns 487,104 shares of the company’s stock valued at $614,000 after purchasing an additional 8,475 shares during the period. Finally, Arizona State Retirement System increased its position in FuboTV by 10.7% in the fourth quarter. Arizona State Retirement System now owns 95,578 shares of the company’s stock worth $120,000 after buying an additional 9,230 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on FUBO shares. Huber Research raised FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm reiterated a “neutral” rating and issued a $4.75 target price (up previously 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, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” 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.