FuboTV Inc. (NYSE:FUBO) Sees Large Increase in Short Interest

FuboTV Inc. (NYSE:FUBO - Get Free Report) saw a large growth in short interest during 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 trading volume of 37,880,000 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FUBO shares. Roth Mkm restated a "neutral" rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Huber Research raised FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, FuboTV has an average rating of "Moderate Buy" and a consensus target price of $3.43.

Insider Activity

In other news, CEO David Gandler sold 1,425,888 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the sale, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. The trade was a 80.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alberto Horihuela sold 5,868 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $5.98, for a total transaction of $35,090.64. Following the completion of the sale, the chief operating officer now owns 1,446,730 shares of the company's stock, valued at approximately $8,651,445.40. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,835,603 shares of company stock worth $9,613,987. Insiders own 7.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of FuboTV by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock valued at $23,532,000 after buying an additional 1,377,663 shares during the last quarter. Geode Capital Management LLC raised its position in FuboTV by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company's stock valued at $9,412,000 after acquiring an additional 365,827 shares in the last quarter. State Street Corp lifted its stake in FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company's stock valued at $9,848,000 after acquiring an additional 132,167 shares during the last quarter. Renaissance Technologies LLC grew its position in FuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock worth $5,449,000 after acquiring an additional 1,344,956 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of FuboTV by 16.9% during the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock worth $3,780,000 after purchasing an additional 434,406 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company's stock.

FuboTV Stock Down 2.2 %

Shares of NYSE FUBO traded down $0.09 during mid-day trading on Friday, reaching $3.77. The company had a trading volume of 25,296,630 shares, compared to its average volume of 62,034,164. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. FuboTV has a twelve month low of $1.10 and a twelve month high of $6.45. The stock's 50 day moving average is $3.31 and its 200-day moving average is $2.18. The stock has a market capitalization of $1.26 billion, a PE ratio of -5.62 and a beta of 1.99.

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.