FuboTV Inc. (NYSE:FUBO) Short Interest Update

FuboTV Inc. (NYSE:FUBO - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 36,080,000 shares, a growth of 9.2% from the January 15th total of 33,040,000 shares. Based on an average daily trading volume, of 37,880,000 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

FUBO has been the topic of several recent research reports. Roth Mkm reissued a "neutral" rating and issued a $4.75 price target (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research raised FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $3.43.

FuboTV Stock Down 0.4 %

Shares of NYSE FUBO traded down $0.02 during mid-day trading on Thursday, hitting $3.85. The company had a trading volume of 11,474,100 shares, compared to its average volume of 63,114,578. The company has a market capitalization of $1.28 billion, a PE ratio of -5.74 and a beta of 1.99. The firm has a 50-day simple moving average of $3.23 and a two-hundred day simple moving average of $2.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV has a one year low of $1.10 and a one year high of $6.45.

Insider Buying and Selling

In other FuboTV news, COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $5.98, for a total value of $35,090.64. Following the sale, the chief operating officer now owns 1,446,730 shares of the company's stock, valued at $8,651,445.40. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction dated 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 sale, the chief executive officer now directly owns 346,817 shares in the company, valued at $1,737,553.17. This represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,835,603 shares of company stock valued at $9,613,987. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On FuboTV

A number of hedge funds and other institutional investors have recently bought and sold shares of FUBO. SG Americas Securities LLC grew its holdings in FuboTV by 66.0% during the third quarter. SG Americas Securities LLC now owns 109,732 shares of the company's stock worth $156,000 after purchasing an additional 43,637 shares during the period. Arkadios Wealth Advisors grew its holdings in 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 purchasing an additional 12,000 shares during the period. Hibernia Wealth Partners LLC bought a new position in FuboTV during the third quarter worth about $27,000. United Advisor Group LLC bought a new position in FuboTV during the third quarter worth about $26,000. Finally, Apollon Wealth Management LLC grew 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 during the period. Institutional investors own 39.31% of the company's stock.

FuboTV Company Profile

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.