BNP Paribas Financial Markets bought a new stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 272,020 shares of the company's stock, valued at approximately $2,353,000. BNP Paribas Financial Markets owned approximately 0.13% of Genius Sports at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust bought a new stake in Genius Sports during the fourth quarter valued at about $58,000. Steward Partners Investment Advisory LLC lifted its position in shares of Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after buying an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Genius Sports in the 4th quarter valued at about $136,000. Envestnet Asset Management Inc. boosted its holdings in shares of Genius Sports by 27.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock valued at $143,000 after buying an additional 3,548 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Genius Sports in the 4th quarter worth approximately $163,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on GENI shares. Lake Street Capital increased their target price on shares of Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. 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. JMP Securities restated a "market outperform" rating and set a $11.00 target price on shares of Genius Sports in a research note on Monday, January 27th. Craig Hallum set a $15.00 price target on Genius Sports in a research note on Tuesday, March 4th. Finally, Guggenheim assumed coverage on Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating and a $12.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.19.
Check Out Our Latest Stock Report on Genius Sports
Genius Sports Price Performance
GENI traded down $0.08 during trading on Tuesday, reaching $9.95. 2,371,510 shares of the company's stock were exchanged, compared to its average volume of 2,897,685. Genius Sports Limited has a 1 year low of $5.03 and a 1 year high of $11.40. The company's fifty day simple moving average is $10.08 and its 200-day simple moving average is $9.39. The stock has a market capitalization of $2.14 billion, a P/E ratio of -31.09 and a beta of 1.96.
Genius Sports (NYSE:GENI - Get Free Report) last issued its earnings results 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. The firm had revenue of $143.99 million during the quarter, compared to analysts' expectations 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 was up 20.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share. Equities analysts forecast that Genius Sports Limited will post -0.1 EPS for the current year.
Genius Sports declared that its board has authorized a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 4.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.
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
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
