Key Points
- David Gandler, fuboTV's CEO, sold 170,279 shares on January 5 at an average price of $2.55 for a total of $434,211.45, reducing his stake by 23.27% to 561,428 shares (valued ~ $1.43M).
- FUBO shares opened at about $2.50 with a market cap of roughly $855M and a 52‑week range of $2.28–$6.45; analysts have a consensus rating of "Moderate Buy" and a $4.58 price target.
- fuboTV beat the prior quarter's estimates with $0.02 EPS vs. ($0.04) expected and $377.2M revenue, though revenue was down 2.3% year‑over‑year and analysts forecast a -$0.51 EPS for the current fiscal year.
fuboTV Inc. (NYSE:FUBO - Get Free Report) CEO David Gandler sold 170,279 shares of fuboTV stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $2.55, for a total value of $434,211.45. Following the transaction, the chief executive officer owned 561,428 shares of the company's stock, valued at $1,431,641.40. This trade represents a 23.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
fuboTV Stock Performance
Shares of FUBO opened at $2.50 on Wednesday. The firm has a market capitalization of $855.09 million, a P/E ratio of 6.93 and a beta of 1.93. fuboTV Inc. has a 52 week low of $2.28 and a 52 week high of $6.45. The stock has a 50 day moving average price of $3.07 and a two-hundred day moving average price of $3.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 0.69.
fuboTV (NYSE:FUBO - Get Free Report) last announced its earnings results on Monday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. fuboTV had a negative return on equity of 6.66% and a net margin of 7.61%.The company had revenue of $377.20 million for the quarter, compared to analysts' expectations of $361.33 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. fuboTV's quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts forecast that fuboTV Inc. will post -0.51 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on FUBO shares. Raymond James Financial began coverage on shares of fuboTV in a research note on Monday, December 1st. They issued a "market perform" rating for the company. Weiss Ratings restated a "sell (d+)" rating on shares of fuboTV in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of fuboTV from a "hold" rating to a "sell" rating in a research report on Saturday, December 13th. Zacks Research lowered shares of fuboTV from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 12th. Finally, Needham & Company LLC restated a "buy" rating and issued a $4.25 target price on shares of fuboTV in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, fuboTV has a consensus rating of "Moderate Buy" and a consensus price target of $4.58.
Check Out Our Latest Research Report on FUBO
Hedge Funds Weigh In On fuboTV
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. increased its holdings in fuboTV by 177.4% during the third quarter. Federated Hermes Inc. now owns 6,900 shares of the company's stock worth $29,000 after buying an additional 4,413 shares during the last quarter. Focus Partners Wealth purchased a new position in fuboTV in the first quarter valued at about $30,000. Byrne Asset Management LLC bought a new position in shares of fuboTV during the 3rd quarter valued at approximately $35,000. Tripletail Wealth Management LLC purchased a new stake in shares of fuboTV during the 2nd quarter worth approximately $37,000. Finally, Farther Finance Advisors LLC increased its stake in shares of fuboTV by 254,550.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,186 shares of the company's stock worth $42,000 after purchasing an additional 10,182 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.
About fuboTV
(
Get Free Report)
fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV's proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.
In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.
Further Reading
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