fuboTV Inc. (NYSE:FUBO) Short Interest Update

fuboTV Inc. (NYSE:FUBO) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 52,060,000 shares, a decline of 8.4% from the May 31st total of 56,860,000 shares. Based on an average daily trading volume, of 8,360,000 shares, the short-interest ratio is currently 6.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd increased its position in fuboTV by 29.8% during the 3rd quarter. Quadrature Capital Ltd now owns 77,800 shares of the company’s stock worth $209,000 after purchasing an additional 17,855 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of fuboTV by 26.7% during the fourth quarter. SG Americas Securities LLC now owns 230,074 shares of the company’s stock worth $732,000 after buying an additional 48,431 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of fuboTV in the 4th quarter valued at $36,000. Jump Financial LLC boosted its holdings in shares of fuboTV by 32.5% during the 4th quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock valued at $109,000 after acquiring an additional 8,433 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of fuboTV by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,259,363 shares of the company’s stock valued at $7,185,000 after acquiring an additional 22,762 shares in the last quarter. Institutional investors own 39.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FUBO shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2.90 target price on shares of fuboTV in a report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of fuboTV in a research report on Monday, May 6th. Finally, Wedbush reiterated an “outperform” rating and set a $5.00 target price on shares of fuboTV in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.07.

fuboTV Stock Performance

Shares of FUBO stock remained flat at $1.31 on Wednesday. 4,519,819 shares of the company traded hands, compared to its average volume of 9,942,523. fuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $3.87. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.63 and a quick ratio of 0.63. The business has a fifty day simple moving average of $1.28 and a 200 day simple moving average of $1.86. The company has a market cap of $392.84 million, a P/E ratio of -1.47 and a beta of 1.78.

fuboTV (NYSE:FUBO) last released its quarterly earnings results on Friday, May 3rd. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. fuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. The company had revenue of $402.35 million during the quarter, compared to the consensus estimate of $381.95 million. On average, research analysts forecast that fuboTV will post -0.63 earnings per share for the current year.

About fuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.