Short Interest in fuboTV Inc. (NYSE:FUBO) Rises By 14.0%

fuboTV Inc. (NYSE:FUBO) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 49,570,000 shares, an increase of 14.0% from the June 30th total of 43,490,000 shares. Based on an average daily trading volume, of 9,030,000 shares, the days-to-cover ratio is currently 5.5 days.

fuboTV Stock Down 1.7 %

FUBO traded down $0.03 on Wednesday, reaching $1.43. 1,240,268 shares of the company traded hands, compared to its average volume of 9,679,266. The stock’s 50 day moving average price is $1.28 and its 200-day moving average price is $1.61. fuboTV has a 52-week low of $1.10 and a 52-week high of $3.87. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.63.

fuboTV (NYSE:FUBO) last posted its earnings results on Friday, May 3rd. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. The company had revenue of $402.35 million during the quarter, compared to the consensus estimate of $381.95 million. fuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. As a group, analysts anticipate that fuboTV will post -0.63 EPS for the current fiscal year.

Institutional Trading of fuboTV

Several large investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors bought a new stake in fuboTV in the second quarter worth approximately $76,000. Bank of New York Mellon Corp grew its position in fuboTV by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock worth $1,330,000 after acquiring an additional 127,978 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in fuboTV in the first quarter worth approximately $618,000. Public Employees Retirement System of Ohio bought a new stake in shares of fuboTV during the 1st quarter worth $44,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of fuboTV by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock worth $291,000 after buying an additional 9,229 shares during the period. 39.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wedbush reiterated an “outperform” rating and issued a $5.00 target price on shares of fuboTV in a report on Wednesday, May 1st. Needham & Company LLC decreased their target price on shares of fuboTV from $3.00 to $2.00 and set a “buy” rating for the company in a report on Friday, July 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2.90 price objective on shares of fuboTV in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, fuboTV has a consensus rating of “Moderate Buy” and an average price target of $2.90.

fuboTV Company Profile

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.