Capital Fund Management S.A. Acquires Shares of 46,955 Genius Sports Limited $GENI

Key Points

• Capital Fund Management S.A. acquired 46,955 shares of Genius Sports Limited, totaling approximately $470,000, indicating increasing institutional interest in the stock.
• Genius Sports reported a quarterly revenue of $118.72 million, surpassing analysts' expectations, but posted a loss of ($0.21) earnings per share, missing the consensus estimate.
• The company has initiated a $100 million share repurchase plan, suggesting confidence from its board in the stock’s valuation.

Capital Fund Management S.A. bought a new position in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 46,955 shares of the company's stock, valued at approximately $470,000.

A number of other institutional investors have also modified their holdings of the stock. Voss Capital LP increased its position in shares of Genius Sports by 17.0% during the first quarter. Voss Capital LP now owns 9,269,519 shares of the company's stock worth $92,788,000 after acquiring an additional 1,346,087 shares during the period. Quantbot Technologies LP increased its position in shares of Genius Sports by 1,259.8% during the first quarter. Quantbot Technologies LP now owns 397,484 shares of the company's stock worth $3,979,000 after acquiring an additional 368,254 shares during the period. Wellington Management Group LLP increased its position in shares of Genius Sports by 25.4% during the first quarter. Wellington Management Group LLP now owns 10,244,434 shares of the company's stock worth $102,547,000 after acquiring an additional 2,076,590 shares during the period. Northern Trust Corp increased its position in shares of Genius Sports by 1,409.5% during the first quarter. Northern Trust Corp now owns 958,696 shares of the company's stock worth $9,597,000 after acquiring an additional 895,186 shares during the period. Finally, Algert Global LLC purchased a new position in shares of Genius Sports during the first quarter worth approximately $2,129,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Trading Down 0.5%

Shares of NYSE:GENI traded down $0.07 on Monday, hitting $12.77. 2,174,926 shares of the company were exchanged, compared to its average volume of 5,755,804. Genius Sports Limited has a 1-year low of $6.72 and a 1-year high of $13.24. The stock's 50 day moving average price is $11.35 and its 200 day moving average price is $10.36. The firm has a market capitalization of $2.75 billion, a P/E ratio of -41.18 and a beta of 1.87.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Genius Sports had a negative return on equity of 11.48% and a negative net margin of 13.94%.The company had revenue of $118.72 million for the quarter, compared to analyst estimates of $118.28 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company's quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts predict that Genius Sports Limited will post -0.1 EPS for the current fiscal 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 purchase up to 4.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on GENI shares. Benchmark lifted their price objective on shares of Genius Sports from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday, August 18th. Arete started coverage on shares of Genius Sports in a report on Wednesday, July 9th. They set a "buy" rating and a $15.00 price objective on the stock. Northland Capmk raised shares of Genius Sports to a "strong-buy" rating in a report on Friday, July 25th. Guggenheim set a $16.00 target price on shares of Genius Sports and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, JMP Securities set a $13.00 target price on shares of Genius Sports and gave the company a "market outperform" rating in a research note on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $14.00.

Genius Sports Company 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.