Ancora Advisors LLC Has $2.05 Million Stock Holdings in Genius Sports Limited $GENI

Key Points

• Ancora Advisors LLC increased its stake in Genius Sports Limited by 27.1% during Q1, owning 204,552 shares valued at approximately $2,048,000.
• Analysts have shown strong optimism in Genius Sports, with an average rating of "Buy" and a consensus price target of $14.13.
• Despite revenue growth of 24.4% year-over-year, Genius Sports reported a loss of ($0.21) EPS, which was below analysts' expectations of ($0.04).

Ancora Advisors LLC increased its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 27.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 204,552 shares of the company's stock after acquiring an additional 43,552 shares during the quarter. Ancora Advisors LLC owned approximately 0.10% of Genius Sports worth $2,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GENI. Quarry LP purchased a new position in shares of Genius Sports during the first quarter valued at $37,000. Pacer Advisors Inc. lifted its stake in Genius Sports by 61.5% in the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock worth $38,000 after acquiring an additional 1,430 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Genius Sports by 46.7% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 9,777 shares of the company's stock worth $98,000 after acquiring an additional 3,112 shares in the last quarter. Park National Corp OH purchased a new stake in Genius Sports in the 1st quarter worth about $107,000. Finally, IPG Investment Advisors LLC purchased a new stake in Genius Sports in the 1st quarter worth about $107,000. Hedge funds and other institutional investors own 81.91% of the company's stock.

Genius Sports Stock Performance

NYSE GENI traded down $0.06 on Friday, reaching $13.50. The stock had a trading volume of 4,207,429 shares, compared to its average volume of 4,419,135. The business has a 50 day moving average price of $11.65 and a 200 day moving average price of $10.47. Genius Sports Limited has a 1 year low of $6.72 and a 1 year high of $13.73.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $118.28 million. During the same period in the prior year, the firm earned ($0.09) EPS. Genius Sports's quarterly revenue was up 24.4% on a year-over-year basis. Analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Guggenheim set a $16.00 price objective on Genius Sports and gave the stock a "buy" rating in a research note on Thursday, August 7th. Arete assumed coverage on Genius Sports in a research note on Wednesday, July 9th. They issued a "buy" rating and a $15.00 price objective for the company. Truist Financial initiated coverage on Genius Sports in a research note on Tuesday, July 1st. They issued a "buy" rating and a $14.00 price objective for the company. Northland Capmk upgraded Genius Sports to a "strong-buy" rating in a research note on Friday, July 25th. Finally, Needham & Company LLC boosted their target price on Genius Sports from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $14.13.

About Genius Sports

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.