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

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

FuboTV Stock Up 4.5 %

FUBO opened at $4.08 on Tuesday. The business’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 firm has a market cap of $1.36 billion, a P/E ratio of -6.08 and a beta of 1.99. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Analysts Set New Price Targets

A number of analysts have commented on the company. Huber Research upgraded FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Roth Mkm reissued a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a research note 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. Based on data from MarketBeat.com, FuboTV presently has an average rating of “Moderate Buy” and a consensus target price of $3.43.

Insider Activity

In other FuboTV news, CFO John Janedis sold 74,326 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the transaction, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at approximately $112,846.02. The trade was a 49.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Alberto Horihuela sold 5,868 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the transaction, the chief operating officer now owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. This trade represents a 0.40 % 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 valued at $9,793,039. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Hedge funds and other institutional investors have recently modified their holdings of the company. United Advisor Group LLC acquired a new stake in FuboTV during the third quarter worth approximately $26,000. Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV during the third quarter worth $27,000. Xponance Inc. grew its position in shares of FuboTV by 19.1% in the fourth quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after purchasing an additional 3,689 shares during the period. Raymond James Financial Inc. acquired a new position in FuboTV in the fourth quarter valued at $35,000. Finally, Balyasny Asset Management L.P. purchased a new position in FuboTV during the fourth quarter worth about $36,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.