Castleark Management LLC purchased a new stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 457,990 shares of the company's stock, valued at approximately $3,962,000. Castleark Management LLC owned 0.21% of Genius Sports at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of Genius Sports by 2.7% in the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company's stock worth $464,000 after buying an additional 1,396 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Genius Sports by 19.4% during the fourth quarter. ProShare Advisors LLC now owns 17,132 shares of the company's stock valued at $148,000 after acquiring an additional 2,787 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after acquiring an additional 3,429 shares during the period. State of Wyoming boosted its stake in Genius Sports by 8.3% in the 4th quarter. State of Wyoming now owns 45,630 shares of the company's stock worth $395,000 after purchasing an additional 3,495 shares during the period. Finally, Envestnet Asset Management Inc. lifted 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 worth $143,000 after buying an additional 3,548 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.
Genius Sports Stock Performance
Genius Sports stock traded down $0.12 during midday trading on Tuesday, hitting $9.99. 1,359,917 shares of the company's stock were exchanged, compared to its average volume of 2,930,295. Genius Sports Limited has a 52-week low of $5.03 and a 52-week high of $11.40. The company has a market cap of $2.15 billion, a P/E ratio of -31.11 and a beta of 1.96. The stock has a 50-day moving average price of $10.14 and a two-hundred day moving average price of $9.49.
Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $143.99 million during the quarter, compared to analyst estimates of $143.31 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) earnings per share. As a group, sell-side analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.
Genius Sports declared that its board has authorized a share repurchase plan on Tuesday, May 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.
Analyst Ratings Changes
A number of equities analysts have recently commented on GENI shares. BTIG Research raised their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Benchmark reiterated a "buy" rating and set a $12.00 price target on shares of Genius Sports in a research report on Thursday, April 17th. B. Riley restated a "buy" rating on shares of Genius Sports in a research report on Wednesday, May 7th. Craig Hallum set a $15.00 target price on Genius Sports in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group upped their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Genius Sports currently has a consensus rating of "Moderate Buy" and an average target price of $12.19.
Check Out Our Latest Research Report on Genius Sports
Genius Sports Company Profile
(
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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