Sun Jan 26 19:40:00 UTC 2025: **FuboTV Stock Rises 7.6%, Despite Insider Selling and Mixed Analyst Ratings**
NEW YORK, NY – FuboTV Inc. (NYSE: FUBO) saw its stock price jump 7.6% to $3.90 on Thursday, a significant increase from its Wednesday closing price of $3.62. However, this surge occurred on unusually low trading volume – just 10,214,032 shares, a 91% decrease from the average daily volume.
The increase comes despite recent insider selling. CFO John Janedis sold 74,326 shares on November 21st, and CEO David Gandler sold 1,425,888 shares on January 6th, representing substantial decreases in their respective holdings. In total, insiders sold 1,957,407 shares in the last 90 days.
Analyst sentiment remains mixed. Roth MKM reiterated a neutral rating with a $4.75 price target (up from $2.00) on January 7th. Overall, the stock has a “Hold” rating among analysts, with an average price target of $3.43 according to MarketBeat.
Several institutional investors have adjusted their holdings in FuboTV recently, with some increasing their stakes while others maintain their positions. These include Marshall Wace LLP, Geode Capital Management LLC, State Street Corp, Millennium Management LLC, and Charles Schwab Investment Management Inc. Institutional investors currently own 39.31% of FuboTV’s stock.
FuboTV provides a subscription streaming service offering sports, news, and entertainment content across various devices. The company has a market capitalization of $1.35 billion. However, its price-to-earnings ratio is a negative -6.02, reflecting current losses. Financial ratios suggest a relatively high debt-to-equity ratio (1.50) and lower liquidity ratios (current and quick ratios of 0.54).
First Piper 