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

FuboTV Inc. (NYSE:FUBO) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 45,580,000 shares, a decrease of 6.4% from the July 31st total of 48,680,000 shares. Based on an average daily volume of 11,360,000 shares, the days-to-cover ratio is presently 4.0 days.

Insider Buying and Selling at FuboTV

In related news, Director Neil Glat acquired 25,000 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the director now owns 25,000 shares of the company’s stock, valued at approximately $35,500. The purchase was disclosed in a document filed with the SEC, which is available through this link. 7.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of FuboTV by 22.8% during the 4th quarter. Victory Capital Management Inc. now owns 37,908 shares of the company’s stock valued at $121,000 after acquiring an additional 7,040 shares during the period. Jump Financial LLC boosted its position in FuboTV by 32.5% during the fourth quarter. Jump Financial LLC now owns 34,358 shares of the company’s stock worth $109,000 after purchasing an additional 8,433 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in FuboTV by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after purchasing an additional 9,229 shares during the period. Capstone Investment Advisors LLC raised its stake in shares of FuboTV by 15.3% during the 4th quarter. Capstone Investment Advisors LLC now owns 118,382 shares of the company’s stock worth $376,000 after buying an additional 15,666 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in FuboTV by 1.0% in 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 during the period. Hedge funds and other institutional investors own 39.31% of the company’s stock.

FuboTV Stock Up 0.6 %

Shares of FUBO stock opened at $1.68 on Monday. FuboTV has a twelve month low of $1.10 and a twelve month high of $3.82. The stock has a market cap of $553.29 million, a P/E ratio of -1.89 and a beta of 1.78. The stock has a 50 day moving average of $1.43 and a 200 day moving average of $1.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.39.

FuboTV (NYSE:FUBO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. FuboTV had a negative net margin of 15.44% and a negative return on equity of 74.58%. The business had revenue of $389.22 million for the quarter, compared to analysts’ expectations of $369.47 million. As a group, sell-side analysts expect that FuboTV will post -0.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FUBO. Barrington Research reaffirmed a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Seaport Res Ptn cut shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, FuboTV presently has an average rating of “Hold” and a consensus price target of $2.88.

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.