AMI Asset Management Corp Increases Position in Genius Sports Limited (NYSE:GENI)

AMI Asset Management Corp boosted its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 73.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 112,360 shares of the company's stock after purchasing an additional 47,667 shares during the period. AMI Asset Management Corp owned about 0.05% of Genius Sports worth $1,125,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust acquired a new stake in Genius Sports in the 4th quarter valued at approximately $58,000. Park National Corp OH acquired a new stake in Genius Sports in the 1st quarter valued at approximately $107,000. Steward Partners Investment Advisory LLC increased its holdings in Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after purchasing an additional 3,429 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Genius Sports in the 4th quarter valued at approximately $129,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock worth $143,000 after acquiring an additional 3,548 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GENI. Needham & Company LLC restated a "buy" rating and issued a $13.00 price target on shares of Genius Sports in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a research note on Monday, April 21st. They issued a "buy" rating and a $12.00 price target for the company. Craig Hallum set a $15.00 price target on shares of Genius Sports in a research note on Tuesday, March 4th. B. Riley restated a "buy" rating on shares of Genius Sports in a research note on Wednesday, May 7th. Finally, BTIG Research boosted their target price on shares of Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Genius Sports presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Stock Up 0.0%

GENI traded up $0.01 on Friday, reaching $10.37. The company had a trading volume of 38,642,861 shares, compared to its average volume of 3,300,408. Genius Sports Limited has a 1 year low of $5.29 and a 1 year high of $11.40. The stock has a market capitalization of $2.23 billion, a PE ratio of -54.55 and a beta of 1.87. The stock has a 50-day moving average price of $10.07 and a 200-day moving average price of $9.54.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Genius Sports had a negative net margin of 8.54% and a negative return on equity of 6.90%. The firm had revenue of $143.99 million during the quarter, compared to analysts' expectations of $143.31 million. During the same period in the previous year, the company earned ($0.11) earnings per share. Genius Sports's quarterly revenue was up 20.3% compared to the same quarter last year. As a group, analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Genius Sports announced that its Board of Directors has authorized 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 typically an indication that the company's board of directors believes its shares are undervalued.

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.