D. E. Shaw & Co. Inc. Has $9.22 Million Stock Holdings in Genius Sports Limited (NYSE:GENI)

D. E. Shaw & Co. Inc. lifted its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 1,953.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,066,005 shares of the company's stock after acquiring 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GENI. JPMorgan Chase & Co. grew its position in Genius Sports by 2,765,692.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock worth $5,421,000 after purchasing an additional 691,423 shares during the last quarter. AMI Asset Management Corp bought a new stake in shares of Genius Sports in the fourth quarter valued at about $560,000. Exchange Traded Concepts LLC grew its position in Genius Sports by 34.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 394,175 shares of the company's stock worth $3,410,000 after buying an additional 100,350 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Genius Sports during the fourth quarter valued at about $136,000. Finally, Calamos Advisors LLC acquired a new position in Genius Sports in the 4th quarter valued at approximately $1,491,000. Institutional investors own 81.91% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GENI. Lake Street Capital lifted their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. JMP Securities reiterated a "market outperform" rating and set a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. The Goldman Sachs Group boosted their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, March 5th. BTIG Research raised their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Finally, Craig Hallum set a $15.00 target price on shares of Genius Sports in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.19.

Genius Sports Trading Down 1.9%

NYSE GENI traded down $0.20 during trading hours on Tuesday, reaching $9.84. 305,691 shares of the company's stock were exchanged, compared to its average volume of 2,889,778. Genius Sports Limited has a one year low of $5.03 and a one year high of $11.40. The stock has a market cap of $2.12 billion, a PE ratio of -30.77 and a beta of 1.96. The firm has a fifty day moving average of $10.08 and a 200-day moving average of $9.39.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) earnings per share 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%. Genius Sports's revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) EPS. As a group, research analysts forecast that Genius Sports Limited will post -0.1 EPS for the current year.

Genius Sports announced that its Board of Directors has approved a share repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

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.