fuboTV Inc. (NYSE:FUBO – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 48,570,000 shares, an increase of 6.3% from the June 15th total of 45,710,000 shares. Based on an average daily volume of 13,600,000 shares, the days-to-cover ratio is presently 3.6 days.
Institutional Investors Weigh In On fuboTV
A number of large investors have recently bought and sold shares of FUBO. Vanguard Group Inc. grew its holdings in shares of fuboTV by 1.6% during the third quarter. Vanguard Group Inc. now owns 16,360,941 shares of the company’s stock worth $58,082,000 after buying an additional 262,198 shares during the last quarter. BlackRock Inc. increased its stake in shares of fuboTV by 4.6% during the 1st quarter. BlackRock Inc. now owns 10,266,847 shares of the company’s stock worth $67,454,000 after purchasing an additional 454,483 shares in the last quarter. Morgan Stanley lifted its stake in fuboTV by 69.3% in the 4th quarter. Morgan Stanley now owns 5,070,725 shares of the company’s stock valued at $8,823,000 after buying an additional 2,074,775 shares in the last quarter. Marshall Wace LLP grew its holdings in fuboTV by 59.9% during the 4th quarter. Marshall Wace LLP now owns 4,734,838 shares of the company’s stock valued at $8,239,000 after buying an additional 1,774,302 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of fuboTV during the first quarter valued at $27,764,000. Hedge funds and other institutional investors own 31.73% of the company’s stock.
fuboTV Price Performance
hares of NYSE FUBO opened at $2.91 on Friday. The company’s 50-day moving average is $2.07 and its 200 day moving average is $1.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $849.28 million, a P/E ratio of -1.13 and a beta of 2.37. fuboTV has a 1 year low of $0.96 and a 1 year high of $8.14.
fuboTV (NYSE:FUBO – Get Free Report) last announced its earnings results on Friday, May 5th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.03. fuboTV had a negative net margin of 46.26% and a negative return on equity of 94.34%. The business had revenue of $324.37 million during the quarter, compared to analysts’ expectations of $303.80 million. On average, sell-side analysts expect that fuboTV will post -1.32 earnings per share for the current year.
About fuboTV
fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.