Aquatic Capital Management LLC acquired a new position in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 64,317 shares of the company's stock, valued at approximately $556,000.
Several other hedge funds and other institutional investors have also modified their holdings of GENI. State Street Corp raised its stake in shares of Genius Sports by 237.8% during the 3rd quarter. State Street Corp now owns 135,859 shares of the company's stock worth $1,065,000 after purchasing an additional 95,642 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Genius Sports in the third quarter valued at approximately $371,000. JPMorgan Chase & Co. raised its position in shares of Genius Sports by 2,765,692.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock valued at $5,421,000 after acquiring an additional 691,423 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Genius Sports by 56.2% during the 4th 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 last quarter. Finally, Moody National Bank Trust Division raised its stake in Genius Sports by 1.5% in the 4th quarter. Moody National Bank Trust Division now owns 520,214 shares of the company's stock valued at $4,500,000 after acquiring an additional 7,674 shares during the period. Institutional investors and hedge funds own 81.91% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on GENI shares. BTIG Research boosted their price target on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Guggenheim assumed coverage on Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price target for the company. JMP Securities reiterated a "market outperform" rating and issued a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Genius Sports in a research report on Monday, April 21st. They set a "buy" rating and a $12.00 price target on the stock. Finally, Craig Hallum set a $15.00 target price on shares of Genius Sports in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Genius Sports has a consensus rating of "Moderate Buy" and an average price target of $12.19.
View Our Latest Stock Analysis on GENI
Genius Sports Trading Down 3.6 %
Shares of NYSE:GENI traded down $0.38 during mid-day trading on Wednesday, reaching $10.14. The stock had a trading volume of 1,503,984 shares, compared to its average volume of 2,784,197. The business's 50 day moving average price is $9.92 and its 200 day moving average price is $9.19. Genius Sports Limited has a 1 year low of $5.03 and a 1 year high of $11.40. The company has a market cap of $2.18 billion, a P/E ratio of -31.64 and a beta of 1.96.
Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The firm had revenue of $143.99 million during the quarter, compared to the consensus estimate of $143.31 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) EPS. Analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.
Genius Sports announced that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.
About Genius Sports
(
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.
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