fuboTV Inc. (NYSE:FUBO) Short Interest Update

fuboTV Inc. (NYSE:FUBOGet Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 61,250,000 shares, a decline of 5.3% from the April 30th total of 64,660,000 shares. Based on an average trading volume of 10,170,000 shares, the short-interest ratio is currently 6.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd lifted its position in shares of fuboTV by 528.5% during the 1st quarter. Quadrature Capital Ltd now owns 1,195,163 shares of the company’s stock worth $1,882,000 after buying an additional 1,005,002 shares during the last quarter. Swiss National Bank purchased a new stake in shares of fuboTV during the 3rd quarter worth approximately $1,713,000. Aptus Capital Advisors LLC purchased a new stake in shares of fuboTV during the 3rd quarter worth approximately $1,418,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of fuboTV during the 1st quarter worth approximately $618,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of fuboTV during the 4th quarter worth approximately $833,000. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Stock Performance

NYSE FUBO opened at $1.25 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.61. fuboTV has a 52 week low of $1.20 and a 52 week high of $3.87. The stock has a market capitalization of $374.85 million, a PE ratio of -1.40 and a beta of 2.07. The firm has a 50 day moving average of $1.40 and a two-hundred day moving average of $2.17.

fuboTV (NYSE:FUBOGet Free Report) last posted its quarterly earnings results on Friday, May 3rd. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. fuboTV had a negative net margin of 17.97% and a negative return on equity of 72.13%. The company had revenue of $402.35 million during the quarter, compared to analysts’ expectations of $381.95 million. As a group, research analysts expect that fuboTV will post -0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $5.00 price target on shares of fuboTV in a research note on Wednesday, May 1st. Evercore ISI dropped their price objective on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a report on Monday, March 4th. Roth Mkm dropped their price objective on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of fuboTV in a report on Monday, May 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $2.90 price objective on shares of fuboTV in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, fuboTV currently has a consensus rating of “Moderate Buy” and an average target price of $3.07.

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About fuboTV

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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.

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