FuboTV Inc. (NYSE:FUBO) Short Interest Up 9.2% in January

FuboTV Inc. (NYSE:FUBO) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 36,080,000 shares, an increase of 9.2% from the January 15th total of 33,040,000 shares. Based on an average daily volume of 37,880,000 shares, the days-to-cover ratio is presently 1.0 days.

Insider Activity at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $5.98, for a total transaction of $35,090.64. Following the transaction, the chief operating officer now directly owns 1,446,730 shares of the company’s stock, valued at $8,651,445.40. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the transaction, the chief executive officer now directly owns 346,817 shares in the company, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,957,407 shares of company stock worth $9,793,039. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its position in shares of FuboTV by 121.3% during the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after purchasing an additional 688,625 shares in the last quarter. USAdvisors Wealth Management LLC raised its holdings in FuboTV by 156.0% in the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock valued at $161,000 after acquiring an additional 78,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after acquiring an additional 425,906 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after acquiring an additional 200,154 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in FuboTV by 79.8% in the fourth quarter. SG Americas Securities LLC now owns 197,335 shares of the company’s stock valued at $249,000 after acquiring an additional 87,603 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

FuboTV Trading Up 4.5 %

NYSE FUBO opened at $4.08 on Tuesday. The company’s fifty day simple moving average is $3.13 and its 200-day simple moving average is $2.12. FuboTV has a 52 week low of $1.10 and a 52 week high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a market cap of $1.36 billion, a P/E ratio of -6.08 and a beta of 1.99.

Analysts Set New Price Targets

A number of research analysts have weighed in on FUBO shares. Huber Research raised shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Roth Mkm reaffirmed a “neutral” rating and set a $4.75 price target (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3.43.

About FuboTV

fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.