Renaissance Technologies LLC Boosts Stake in FuboTV Inc. (NYSE:FUBO)

Renaissance Technologies LLC lifted its holdings in shares of FuboTV Inc. (NYSE:FUBO - Free Report) by 45.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,324,700 shares of the company's stock after purchasing an additional 1,344,956 shares during the period. Renaissance Technologies LLC owned 1.29% of FuboTV worth $5,449,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Invesco Ltd. grew its position in shares of FuboTV by 1.8% in the 4th quarter. Invesco Ltd. now owns 487,104 shares of the company's stock valued at $614,000 after buying an additional 8,475 shares during the last quarter. Polymer Capital Management US LLC bought a new stake in FuboTV in the fourth quarter valued at approximately $193,000. Dynamic Technology Lab Private Ltd increased its position in FuboTV by 32.4% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 50,367 shares of the company's stock valued at $63,000 after purchasing an additional 12,336 shares during the period. RPO LLC bought a new position in FuboTV during the 4th quarter worth approximately $48,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of FuboTV in the 4th quarter worth approximately $54,000. Institutional investors own 39.31% of the company's stock.

Insider Buying and Selling

In related news, CFO John Janedis sold 25,823 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is currently owned by company insiders.

FuboTV Stock Down 3.0 %

FUBO traded down $0.09 during trading on Wednesday, hitting $2.91. 26,053,026 shares of the company's stock were exchanged, compared to its average volume of 19,158,437. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The stock has a market cap of $993.70 million, a P/E ratio of -4.34 and a beta of 2.22. The business's 50 day moving average is $3.16 and its two-hundred day moving average is $2.63. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FUBO. Needham & Company LLC increased their price objective on shares of FuboTV from $2.00 to $3.50 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Wedbush reissued an "outperform" rating and issued a $6.40 price objective on shares of FuboTV in a research report on Friday, February 28th. Huber Research raised FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. UBS Group set a $3.50 target price on FuboTV in a research note on Monday, March 3rd. Finally, Roth Mkm reissued a "neutral" rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $4.21.

FuboTV Company Profile

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.