Wealthcare Advisory Partners LLC Invests $34,000 in FuboTV Inc. (NYSE:FUBO)

Wealthcare Advisory Partners LLC bought a new position in shares of FuboTV Inc. (NYSE:FUBO) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 11,674 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock worth $23,532,000 after acquiring an additional 1,377,663 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of FuboTV by 45.1% in the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock valued at $5,449,000 after purchasing an additional 1,344,956 shares during the last quarter. Two Sigma Investments LP boosted its stake in FuboTV by 4,635.3% in the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock worth $646,000 after purchasing an additional 501,766 shares in the last quarter. Barclays PLC grew its position in FuboTV by 38.4% during the 4th quarter. Barclays PLC now owns 1,738,929 shares of the company’s stock worth $2,191,000 after purchasing an additional 482,470 shares during the last quarter. Finally, Northern Trust Corp grew its position in FuboTV by 16.9% during the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock worth $3,780,000 after purchasing an additional 434,406 shares during the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

FuboTV Stock Performance

Shares of NYSE FUBO opened at $3.18 on Monday. The company has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $3.07. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -4.74 and a beta of 2.24. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $6.45.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FUBO. Wedbush decreased their price target on shares of FuboTV from $6.40 to $5.00 and set an “outperform” rating for the company in a report on Monday, May 5th. UBS Group set a $3.50 target price on FuboTV in a research report on Monday, March 3rd. Finally, Needham & Company LLC reduced their target price on FuboTV from $3.35 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $4.06.

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.