Schonfeld Strategic Advisors LLC Invests $168,000 in FuboTV Inc. (NYSE:FUBO)

Schonfeld Strategic Advisors LLC bought a new stake in FuboTV Inc. (NYSE:FUBO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 133,600 shares of the company's stock, valued at approximately $168,000.

Other institutional investors have also recently added to or reduced their stakes in the company. USAdvisors Wealth Management LLC increased its stake in FuboTV by 156.0% in the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company's stock valued at $161,000 after purchasing an additional 78,000 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of FuboTV during the 4th quarter valued at about $57,000. Virtu Financial LLC acquired a new position in shares of FuboTV during the 4th quarter valued at about $150,000. Vanguard Group Inc. increased its stake in shares of FuboTV by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock valued at $23,532,000 after acquiring an additional 1,377,663 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of FuboTV by 45.1% during the 4th quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock valued at $5,449,000 after acquiring an additional 1,344,956 shares during the last quarter. Institutional investors and hedge funds own 39.31% of the company's stock.

FuboTV Price Performance

FuboTV stock opened at $2.96 on Thursday. FuboTV Inc. has a 52-week low of $1.10 and a 52-week high of $6.45. The firm has a fifty day moving average of $2.93 and a 200-day moving average of $2.76. The firm has a market capitalization of $1.01 billion, a P/E ratio of -4.42 and a beta of 2.19. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Insider Transactions at FuboTV

In other news, CFO John Janedis sold 25,823 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.30% of the company's stock.

Wall Street Analyst Weigh In

FUBO has been the subject of several research analyst reports. Needham & Company LLC dropped their price target on shares of FuboTV from $3.35 to $3.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Wedbush dropped their price objective on 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 price objective on FuboTV in a report on Monday, March 3rd. Finally, Huber Research upgraded FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.06.

About FuboTV

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.

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