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

FuboTV Inc. (NYSE:FUBO) 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 value of $69,792.66. Following the completion of the sale, the chief operating officer now owns 1,471,325 shares of the company’s stock, valued at $2,162,847.75. The trade was a 3.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

FuboTV Stock Performance

NYSE FUBO opened at $1.46 on Wednesday. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $3.82. 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 stock’s fifty day moving average is $1.52 and its two-hundred day moving average is $1.45. The firm has a market capitalization of $486.10 million, a P/E ratio of -2.17 and a beta of 1.76.

Institutional Investors Weigh In On FuboTV

A number of institutional investors have recently modified their holdings of FUBO. Price T Rowe Associates Inc. MD grew its stake in shares of FuboTV by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock worth $291,000 after purchasing an additional 9,229 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of FuboTV by 19.5% during the third quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after acquiring an additional 12,000 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after buying an additional 12,431 shares during the last quarter. United Advisor Group LLC purchased a new stake in FuboTV during the 3rd quarter valued at approximately $26,000. Finally, Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV during the third quarter worth $27,000. 39.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About FuboTV

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.