Apollon Wealth Management LLC Increases Stock Position in FuboTV Inc. (NYSE:FUBO)

Apollon Wealth Management LLC increased its position in shares of FuboTV Inc. (NYSE:FUBO) by 41.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,611 shares of the company’s stock after buying an additional 12,431 shares during the period. Apollon Wealth Management LLC’s holdings in FuboTV were worth $61,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. United Advisor Group LLC acquired a new position in FuboTV during the third quarter worth $26,000. Hibernia Wealth Partners LLC acquired a new position in FuboTV during the third quarter worth $27,000. Public Employees Retirement System of Ohio acquired a new position in FuboTV during the first quarter worth $44,000. Algert Global LLC acquired a new position in FuboTV during the second quarter worth $37,000. Finally, Arkadios Wealth Advisors acquired a new position in FuboTV during the second quarter worth $76,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FUBO. Barrington Research restated a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 target price on shares of FuboTV in a research report on Monday, August 19th. Finally, Seaport Res Ptn cut shares of FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.88.

FuboTV Stock Performance

Shares of FuboTV stock opened at $1.42 on Wednesday. The firm’s fifty day simple moving average is $1.55 and its 200-day simple moving average is $1.44. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $3.82. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $472.74 million, a price-to-earnings ratio of -2.11 and a beta of 1.76.

About FuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.