Balyasny Asset Management L.P. bought a new stake in Genius Sports Limited (NYSE:GENI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,856,872 shares of the company's stock, valued at approximately $24,712,000. Balyasny Asset Management L.P. owned approximately 1.33% of Genius Sports as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GENI. Loomis Sayles & Co. L P purchased a new stake in Genius Sports in the 4th quarter valued at approximately $15,553,000. Capital Research Global Investors raised its position in shares of Genius Sports by 14.2% in the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock valued at $112,038,000 after buying an additional 1,610,078 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Genius Sports in the fourth quarter valued at approximately $12,332,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Genius Sports in the fourth quarter valued at approximately $11,292,000. Finally, Voss Capital LP raised its position in shares of Genius Sports by 16.7% in the fourth quarter. Voss Capital LP now owns 7,923,432 shares of the company's stock valued at $68,538,000 after buying an additional 1,134,029 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company's stock.
Genius Sports Trading Down 0.1%
GENI traded down $0.01 during trading on Monday, hitting $10.36. 897,861 shares of the company's stock were exchanged, compared to its average volume of 2,806,762. Genius Sports Limited has a 1 year low of $5.03 and a 1 year high of $11.40. The stock has a 50 day moving average price of $10.01 and a 200 day moving average price of $9.26. The firm has a market cap of $2.23 billion, a P/E ratio of -32.38 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 (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $143.99 million during the quarter, compared to the consensus estimate of $143.31 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. Genius Sports's revenue for the quarter was up 20.3% on a year-over-year basis. Analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.
Genius Sports declared that its board has approved 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 usually an indication that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on GENI. JMP Securities reissued a "market outperform" rating and issued a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. Guggenheim began coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price objective for the company. Benchmark reissued a "buy" rating and issued a $12.00 price objective on shares of Genius Sports in a research report on Thursday, April 17th. BTIG Research upped their price target on shares of Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Finally, B. Riley reaffirmed a "buy" rating on shares of Genius Sports in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.19.
View Our Latest Stock Report on Genius Sports
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.
Further Reading
Before you consider Genius Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genius Sports wasn't on the list.
While Genius Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
