5 Best Fast Growing Penny Stocks to Buy Now

2. fuboTV Inc. (NYSE:FUBO)

Number of Hedge Fund Holders: 14

fuboTV Inc. (NYSE:FUBO) shares have gained about 67% year to date through July 30. In May fuboTV Inc. (NYSE:FUBO) posted strong Q1 results. Adjusted EPS in the quarter came in at -$0.27, beating estimates by $0.11. Revenue in the quarter jumped 34% year over year to $324.4 million, beating estimates by $20.99 million. fuboTV Inc. (NYSE:FUBO) ended the first quarter with 1.285 million paid subscribers, which shows a 22% YoY increase.

As of the end of the first quarter of 2023, 14 hedge funds tracked by Insider Monkey were long fuboTV Inc. (NYSE:FUBO). The biggest stakeholder in fuboTV Inc. (NYSE:FUBO) was Paul Marshall and Ian Wace’s Marshall Wace LLP which owns an $8.7 million stake in the company.