FuboTV Inc. (NYSE:FUBO) Short Interest Update

FuboTV Inc. (NYSE:FUBO) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 37,800,000 shares, a growth of 7.9% from the September 15th total of 35,040,000 shares. Based on an average daily volume of 12,350,000 shares, the short-interest ratio is presently 3.1 days.

FuboTV Stock Performance

NYSE FUBO opened at $1.65 on Wednesday. The firm has a market capitalization of $494.80 million, a P/E ratio of -1.85 and a beta of 1.79. The stock has a 50-day simple moving average of $1.58 and a two-hundred day simple moving average of $1.42. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.60 and a current ratio of 0.60. FuboTV has a fifty-two week low of $1.10 and a fifty-two week high of $3.82.

FuboTV (NYSE:FUBO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.06. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. The company had revenue of $389.22 million during the quarter, compared to analysts’ expectations of $369.47 million. On average, equities analysts forecast that FuboTV will post -0.51 earnings per share for the current year.

Insider Buying and Selling at FuboTV

In other news, Director Neil Glat purchased 25,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $1.42 per share, with a total value of $35,500.00. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $35,500. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.00% of the stock is owned by insiders.

Institutional Trading of FuboTV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP raised its position in shares of FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares during the period. Millennium Management LLC boosted its position in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares in the last quarter. Quadrature Capital Ltd boosted its position in FuboTV by 528.5% during the first quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company’s stock worth $1,882,000 after purchasing an additional 1,005,002 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in FuboTV in the first quarter valued at approximately $618,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of FuboTV in the first quarter valued at approximately $313,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 price objective on shares of FuboTV in a research report on Monday, August 19th. Barrington Research reaffirmed 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 note on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.