Calamos Advisors LLC lifted its holdings in Genius Sports Limited (NYSE:GENI - Free Report) by 19.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,862 shares of the company's stock after purchasing an additional 33,546 shares during the quarter. Calamos Advisors LLC owned 0.10% of Genius Sports worth $2,061,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in GENI. Emerald Mutual Fund Advisers Trust bought a new position in shares of Genius Sports during the 4th quarter worth approximately $58,000. Park National Corp OH bought a new position in shares of Genius Sports in the first quarter valued at about $107,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after buying an additional 3,429 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Genius Sports during the 4th quarter worth about $129,000. Finally, Envestnet Asset Management Inc. grew its stake 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 during the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $13.00 target price on shares of Genius Sports in a research report on Thursday, June 12th. JMP Securities set a $13.00 target price on shares of Genius Sports and gave the company a "market outperform" rating in a research report on Monday, June 30th. Truist Financial started coverage on shares of Genius Sports in a research note on Tuesday, July 1st. They issued a "buy" rating and a $14.00 price objective on the stock. Benchmark restated a "buy" rating and set a $12.00 price target on shares of Genius Sports in a report on Thursday, April 17th. Finally, Guggenheim assumed coverage on Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating and a $12.00 target price on the stock. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Genius Sports currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.46.
Get Our Latest Analysis on GENI
Genius Sports Stock Down 0.3%
Shares of GENI stock traded down $0.03 during trading hours on Monday, reaching $10.02. The company had a trading volume of 4,570,451 shares, compared to its average volume of 3,363,758. Genius Sports Limited has a 12 month low of $5.31 and a 12 month high of $11.40. The business has a fifty day simple moving average of $10.04 and a 200-day simple moving average of $9.59.
Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings results 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. Genius Sports had a negative return on equity of 6.90% and a negative net margin of 8.54%. The company had revenue of $143.99 million during the quarter, compared to the consensus estimate of $143.31 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. Sell-side analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.
Genius Sports declared that its Board of Directors has initiated a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.
About Genius Sports
(
Free Report)
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.
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