Ancora Advisors LLC grew its position in Genius Sports Limited (NYSE:GENI - Free Report) by 18.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,000 shares of the company's stock after purchasing an additional 25,500 shares during the quarter. Ancora Advisors LLC owned about 0.07% of Genius Sports worth $1,393,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in GENI. Tidal Investments LLC bought a new position in Genius Sports during the 3rd quarter worth $371,000. JPMorgan Chase & Co. raised its stake in Genius Sports by 2,765,692.0% in the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock valued at $5,421,000 after purchasing an additional 691,423 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Genius Sports by 56.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company's stock worth $4,250,000 after purchasing an additional 176,845 shares during the period. Moody National Bank Trust Division grew its stake in Genius Sports by 1.5% during the fourth quarter. Moody National Bank Trust Division now owns 520,214 shares of the company's stock worth $4,500,000 after buying an additional 7,674 shares in the last quarter. Finally, AMI Asset Management Corp bought a new position in Genius Sports in the 4th quarter valued at about $560,000. 81.91% of the stock is currently owned by institutional investors.
Genius Sports Price Performance
Shares of Genius Sports stock traded down $0.37 on Wednesday, hitting $10.15. 5,655,458 shares of the company's stock traded hands, compared to its average volume of 2,803,108. The company has a fifty day moving average of $9.95 and a two-hundred day moving average of $9.19. Genius Sports Limited has a one year low of $5.03 and a one year high of $11.40. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -31.72 and a beta of 1.96.
Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $143.99 million during the quarter, compared to analyst estimates of $143.31 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. Genius Sports's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) EPS. Equities research analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current year.
Genius Sports declared that its board has authorized a share repurchase program on Tuesday, May 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 4.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on GENI shares. B. Riley reaffirmed a "buy" rating on shares of Genius Sports in a report on Wednesday. Benchmark reiterated a "buy" rating and issued a $12.00 price target on shares of Genius Sports in a research note on Thursday, April 17th. The Goldman Sachs Group upped their price objective on Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. BTIG Research lifted their target price on Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, Craig Hallum set a $15.00 target price on shares of Genius Sports in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.19.
Get Our Latest Research Report on GENI
Genius Sports Profile
(
Free Report)
Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.
Further Reading
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