FuboTV Inc. (NYSE:FUBO) Short Interest Update

FuboTV Inc. (NYSE:FUBO) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 36,080,000 shares, an increase 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 days-to-cover ratio is presently 1.0 days.

FuboTV Trading Up 4.5 %

Shares of FUBO traded up $0.18 during mid-day trading on Friday, hitting $4.08. 13,530,123 shares of the stock were exchanged, compared to its average volume of 33,361,510. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average of $3.09 and a two-hundred day moving average of $2.10. FuboTV has a 52-week low of $1.10 and a 52-week high of $6.45.

Insider Buying and Selling

In other news, COO Alberto Horihuela sold 5,868 shares of the business’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 value of $35,090.64. Following the transaction, the chief operating officer now owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Gandler sold 1,425,888 shares of the business’s stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,957,407 shares of company stock valued at $9,793,039. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On FuboTV

Several hedge funds have recently bought and sold shares of FUBO. Vanguard Group Inc. boosted its holdings in FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock worth $23,532,000 after acquiring an additional 1,377,663 shares in the last quarter. Renaissance Technologies LLC raised its position in FuboTV by 45.1% during the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock valued at $5,449,000 after acquiring an additional 1,344,956 shares in the last quarter. Barclays PLC increased its position in shares of FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after buying an additional 688,625 shares in the last quarter. Northern Trust Corp increased its position in shares of FuboTV by 16.9% in the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock valued at $3,780,000 after buying an additional 434,406 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after buying an additional 425,906 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Roth Mkm reissued a “neutral” rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a report on Tuesday, January 7th. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.43.

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.