Renaissance Technologies LLC Purchases 1,344,956 Shares of FuboTV Inc. (NYSE:FUBO)

Renaissance Technologies LLC boosted its holdings in FuboTV Inc. (NYSE:FUBO) by 45.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,324,700 shares of the company’s stock after purchasing an additional 1,344,956 shares during the quarter. Renaissance Technologies LLC owned about 1.29% of FuboTV worth $5,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Xponance Inc. raised its position in FuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after buying an additional 3,689 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of FuboTV in the 4th quarter worth $35,000. EWG Elevate Inc. raised its holdings in shares of FuboTV by 50.0% in the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of FuboTV during the fourth quarter valued at about $38,000. Finally, Marathon Trading Investment Management LLC purchased a new position in FuboTV during the fourth quarter worth about $40,000. Institutional investors own 39.31% of the company’s stock.

Insider Transactions at FuboTV

In other news, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.00% of the company’s stock.

FuboTV Stock Up 3.3 %

FUBO stock opened at $2.97 on Monday. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The stock has a fifty day moving average of $3.20 and a 200-day moving average of $2.62. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -4.43 and a beta of 2.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

Wall Street Analysts Forecast Growth

Several research firms have commented on FUBO. Roth Mkm reissued a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. UBS Group set a $3.50 price objective on FuboTV in a research report on Monday, March 3rd. Needham & Company LLC raised their target price on FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a research report on Monday, March 3rd. Wedbush reissued an “outperform” rating and issued a $6.40 price target on shares of FuboTV in a report on Friday, February 28th. Finally, Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Three 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

FuboTV 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.