BNP Paribas Financial Markets bought a new position in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 272,020 shares of the company's stock, valued at approximately $2,353,000. BNP Paribas Financial Markets owned 0.13% of Genius Sports as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust acquired a new position in Genius Sports during the 4th quarter worth approximately $58,000. Steward Partners Investment Advisory LLC lifted its position in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after purchasing an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Genius Sports during the 4th quarter worth $136,000. Envestnet Asset Management Inc. grew its stake in shares of Genius Sports by 27.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock worth $143,000 after purchasing an additional 3,548 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Genius Sports in the fourth quarter valued at $163,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.
Genius Sports Price Performance
Shares of GENI traded down $0.07 during mid-day trading on Thursday, reaching $9.79. 718,265 shares of the company's stock were exchanged, compared to its average volume of 2,908,926. The business's fifty day simple moving average is $10.11 and its 200-day simple moving average is $9.40. The stock has a market capitalization of $2.11 billion, a PE ratio of -30.48 and a beta of 1.96. Genius Sports Limited has a 52-week low of $5.03 and a 52-week high of $11.40.
Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $143.31 million. During the same period in the previous year, the business posted ($0.11) earnings per share. Genius Sports's quarterly revenue was up 20.3% on a year-over-year basis. Equities research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.
Genius Sports announced that its board has approved a stock buyback program on Tuesday, May 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on GENI shares. Craig Hallum set a $15.00 price target on Genius Sports in a research note on Tuesday, March 4th. The Goldman Sachs Group raised their target price 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 boosted their target price on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Guggenheim assumed coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price target on the stock. Finally, Lake Street Capital raised their price objective on shares of Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.19.
Check Out Our Latest Stock Analysis 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.
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