Alberto Horihuela Sells 47,478 Shares of FuboTV Inc. (NYSE:FUBO) Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FuboTV Stock Performance

FuboTV stock opened at $1.46 on Wednesday. The firm has a market cap of $486.10 million, a P/E ratio of -2.17 and a beta of 1.76. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $3.82. The firm has a 50-day moving average of $1.52 and a 200-day moving average of $1.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Wall Street Analyst Weigh In

Several research firms have weighed in on FUBO. Barrington Research reaffirmed a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.88.

Institutional Trading of FuboTV

Institutional investors have recently bought and sold shares of the company. United Advisor Group LLC purchased a new stake in shares of FuboTV during the third quarter valued at $26,000. Hibernia Wealth Partners LLC purchased a new stake in shares of FuboTV during the 3rd quarter valued at about $27,000. Public Employees Retirement System of Ohio purchased a new stake in shares of FuboTV during the 1st quarter valued at about $44,000. Algert Global LLC bought a new stake in shares of FuboTV in the second quarter worth approximately $37,000. Finally, Apollon Wealth Management LLC raised its holdings in shares of FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after purchasing an additional 12,431 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.