Genius Sports Limited (NYSE:GENI) Position Boosted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its holdings in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 1,953.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,066,005 shares of the company's stock after purchasing an additional 1,014,083 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.50% of Genius Sports worth $9,221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in shares of Genius Sports by 14.2% in the 4th quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock worth $112,038,000 after acquiring an additional 1,610,078 shares during the period. Voss Capital LP lifted its stake 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 purchasing an additional 1,134,029 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Genius Sports by 6.2% in the fourth quarter. Hood River Capital Management LLC now owns 5,026,233 shares of the company's stock valued at $43,477,000 after purchasing an additional 295,485 shares during the period. Divisadero Street Capital Management LP lifted its stake in shares of Genius Sports by 32,386.5% in the fourth quarter. Divisadero Street Capital Management LP now owns 3,551,751 shares of the company's stock valued at $30,723,000 after purchasing an additional 3,540,818 shares during the period. Finally, Driehaus Capital Management LLC lifted its stake in shares of Genius Sports by 22.1% in the fourth quarter. Driehaus Capital Management LLC now owns 2,889,112 shares of the company's stock valued at $24,991,000 after purchasing an additional 522,441 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Trading Down 1.2%

GENI traded down $0.12 on Friday, reaching $9.89. The company had a trading volume of 3,114,996 shares, compared to its average volume of 2,899,491. The company has a fifty day moving average of $10.07 and a 200-day moving average of $9.35. The company has a market capitalization of $2.13 billion, a P/E ratio of -30.89 and a beta of 1.96. Genius Sports Limited has a one year low of $5.03 and a one year high of $11.40.

Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share (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 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 was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) EPS. Research analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

Genius Sports declared that its board has authorized a stock buyback plan on Tuesday, May 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 4.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GENI. Needham & Company LLC reiterated a "buy" rating and issued a $13.00 price objective on shares of Genius Sports in a research note on Tuesday, May 6th. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research note on Tuesday, March 4th. B. Riley reiterated a "buy" rating on shares of Genius Sports in a research note on Wednesday, May 7th. JMP Securities reiterated a "market outperform" rating and issued a $11.00 price objective on shares of Genius Sports in a research note on Monday, January 27th. Finally, The Goldman Sachs Group raised their price objective on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, March 5th. One investment 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 currently has an average rating of "Moderate Buy" and a consensus target price of $12.19.

Genius Sports Profile

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.