David Gandler Sells 1,425,888 Shares of FuboTV Inc. (NYSE:FUBO) Stock

FuboTV Inc. (NYSE:FUBO) CEO David Gandler sold 1,425,888 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FuboTV Trading Down 2.6 %

Shares of NYSE FUBO traded down $0.14 during midday trading on Wednesday, reaching $5.32. The company had a trading volume of 175,184,368 shares, compared to its average volume of 253,507,266. The firm’s fifty day moving average price is $1.72 and its 200-day moving average price is $1.58. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a one year low of $1.10 and a one year high of $6.45. The stock has a market cap of $1.78 billion, a PE ratio of -7.94 and a beta of 1.78.

Analysts Set New Price Targets

Separately, Roth Mkm reissued 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.43.

Institutional Trading of FuboTV

A number of institutional investors have recently made changes to their positions in FUBO. Bank of New York Mellon Corp raised its position in FuboTV by 13.6% during the 2nd 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 during the last quarter. XTX Topco Ltd increased its stake in shares of FuboTV by 145.1% during the second 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 during the period. Canada Pension Plan Investment Board bought a new position in shares of FuboTV during the second quarter valued at approximately $92,000. ProShare Advisors LLC lifted its stake in FuboTV by 71.3% in the second quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock worth $244,000 after acquiring an additional 82,042 shares during the period. Finally, Marshall Wace LLP boosted its holdings in FuboTV by 114.1% in the second 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 in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

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.