Castleark Management LLC bought a new position in Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 457,990 shares of the company's stock, valued at approximately $3,962,000. Castleark Management LLC owned 0.21% of Genius Sports as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in GENI. Divisadero Street Capital Management LP boosted its holdings in Genius Sports by 32,386.5% in the fourth quarter. Divisadero Street Capital Management LP now owns 3,551,751 shares of the company's stock valued at $30,723,000 after acquiring an additional 3,540,818 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Genius Sports in the fourth quarter valued at $24,712,000. Loomis Sayles & Co. L P bought a new stake in Genius Sports in the fourth quarter valued at $15,553,000. Capital Research Global Investors boosted its holdings in Genius Sports by 14.2% in the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock valued at $112,038,000 after acquiring an additional 1,610,078 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Genius Sports in the fourth quarter valued at $12,332,000. Institutional investors own 81.91% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on GENI. B. Riley reiterated a "buy" rating on shares of Genius Sports in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports in a report on Monday, April 21st. They issued a "buy" rating and a $12.00 price target on the stock. Needham & Company LLC restated a "buy" rating and set a $13.00 target price on shares of Genius Sports in a report on Tuesday, May 6th. Lake Street Capital boosted their target price on shares of Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, JMP Securities restated a "market outperform" rating and set a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. One 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.
Check Out Our Latest Stock Analysis on Genius Sports
Genius Sports Price Performance
Genius Sports stock traded up $0.24 during mid-day trading on Friday, reaching $10.12. The stock had a trading volume of 5,120,797 shares, compared to its average volume of 2,936,067. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -31.61 and a beta of 1.96. The company has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $9.46. Genius Sports Limited has a one year low of $5.03 and a one year high of $11.40.
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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $143.99 million for the quarter, compared to analysts' expectations of $143.31 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. Genius Sports's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) EPS. On average, equities research analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.
Genius Sports declared that its Board of Directors has initiated a share buyback program 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 programs are often an indication that the company's board of directors believes its stock is undervalued.
Genius Sports Company Profile
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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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