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

AMI Asset Management Corp grew its holdings in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 73.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,360 shares of the company's stock after acquiring an additional 47,667 shares during the period. AMI Asset Management Corp owned 0.05% of Genius Sports worth $1,125,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. D.A. Davidson & CO. grew its holdings in Genius Sports by 2.7% during the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company's stock worth $464,000 after acquiring an additional 1,396 shares during the period. ProShare Advisors LLC increased its position in Genius Sports by 19.4% in the 4th quarter. ProShare Advisors LLC now owns 17,132 shares of the company's stock valued at $148,000 after buying an additional 2,787 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position 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 buying an additional 3,429 shares in the last quarter. State of Wyoming increased its position in Genius Sports by 8.3% in the 4th quarter. State of Wyoming now owns 45,630 shares of the company's stock valued at $395,000 after buying an additional 3,495 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in 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. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on GENI shares. B. Riley reaffirmed a "buy" rating on shares of Genius Sports in a research report on Wednesday, May 7th. Guggenheim started coverage on Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 target price for the company. Craig Hallum set a $15.00 target price on Genius Sports in a research report on Tuesday, March 4th. BTIG Research boosted their target price on Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, Lake Street Capital boosted their target price on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

Genius Sports Stock Up 0.0%

Genius Sports stock traded up $0.01 during trading on Friday, hitting $10.37. The stock had a trading volume of 38,642,861 shares, compared to its average volume of 3,303,643. Genius Sports Limited has a 1 year low of $5.29 and a 1 year high of $11.40. The stock's 50 day moving average is $10.07 and its two-hundred day moving average is $9.55. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -54.55 and a beta of 1.87.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Genius Sports had a negative return on equity of 6.90% and a negative net margin of 8.54%. The business had revenue of $143.99 million for the quarter, compared to the consensus estimate of $143.31 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Genius Sports's revenue for the quarter was up 20.3% on a year-over-year basis. As a group, equities research analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

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