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

FuboTV Inc. (NYSE:FUBO) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 39,230,000 shares, a growth of 8.4% from the November 15th total of 36,190,000 shares. Based on an average daily volume of 10,070,000 shares, the short-interest ratio is currently 3.9 days.

Analysts Set New Price Targets

FUBO has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a research report on Monday, August 19th. Barrington Research reissued a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Finally, Seaport Res Ptn cut FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $2.88.

Insider Activity

In related news, COO Alberto Horihuela sold 47,478 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John Janedis sold 74,326 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the transaction, the chief financial officer now owns 76,766 shares in the company, valued at $112,846.02. This represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FuboTV

Institutional investors have recently modified their holdings of the business. Barclays PLC raised its position in FuboTV by 121.3% in the 3rd 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 during the last quarter. Geode Capital Management LLC raised its position in FuboTV by 6.4% in the 3rd 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 during the last quarter. State Street Corp raised its position in FuboTV by 1.9% in the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after buying an additional 132,167 shares during the last quarter. FMR LLC raised its position in FuboTV by 84.5% in the 3rd quarter. FMR LLC now owns 101,914 shares of the company’s stock valued at $145,000 after buying an additional 46,670 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after buying an additional 200,154 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

FuboTV Stock Performance

FuboTV stock remained flat at $1.47 during mid-day trading on Tuesday. The company had a trading volume of 10,625,363 shares, compared to its average volume of 10,732,604. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $3.55. The firm has a market cap of $491.12 million, a PE ratio of -2.22 and a beta of 1.74. The firm’s 50 day moving average is $1.57 and its 200-day moving average is $1.48.

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.