FuboTV’s (FUBO) Neutral Rating Reiterated at Roth Mkm

Roth Mkm reiterated their neutral rating on shares of FuboTV (NYSE:FUBO) in a research report released on Tuesday morning,Benzinga reports. Roth Mkm currently has a $4.75 price objective on the stock, up from their previous price objective of $2.00.

FuboTV Price Performance

FuboTV stock opened at $5.32 on Tuesday. 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 has a 52-week low of $1.10 and a 52-week high of $6.45. The firm has a market cap of $1.78 billion, a PE ratio of -7.94 and a beta of 1.78. The company’s 50 day moving average is $1.79 and its two-hundred day moving average is $1.61.

Insider Buying and Selling

In other news, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the completion of the sale, the chief operating officer now directly owns 1,471,325 shares of the company’s stock, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Gandler sold 1,425,888 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.01, for a total value of $7,143,698.88. Following the completion of the transaction, the chief executive officer now directly owns 346,817 shares in the company, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,547,692 shares of company stock valued at $7,322,751 in the last three months. 7.00% of the stock is owned by corporate insiders.

Institutional Trading of FuboTV

Institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors raised its position in shares of FuboTV by 19.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company’s stock worth $105,000 after acquiring an additional 12,000 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares in the last quarter. United Advisor Group LLC acquired a new stake in FuboTV during the third quarter worth approximately $26,000. Hibernia Wealth Partners LLC purchased a new stake in shares of FuboTV during the 3rd quarter worth approximately $27,000. Finally, Algert Global LLC acquired a new position in shares of FuboTV in the 2nd quarter valued at $37,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

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.