Amundi Has $10.32 Million Holdings in Genius Sports Limited $GENI

Key Points

• Amundi reduced its stake in Genius Sports Limited by 3.0%, selling 33,805 shares, and now holds approximately 1,087,543 shares valued at $10.32 million.
• During the fourth quarter, several institutional investors increased their stakes in Genius Sports significantly, with D. E. Shaw & Co. Inc. boosting its holdings by 1,953.1% to over 1 million shares.
• Genius Sports reported a quarterly revenue of $118.72 million, up 24.4% year-over-year, but missed earnings per share expectations, posting ($0.21) against the consensus of ($0.04).

Amundi cut its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,087,543 shares of the company's stock after selling 33,805 shares during the period. Amundi owned 0.51% of Genius Sports worth $10,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ancora Advisors LLC raised its stake in shares of Genius Sports by 27.1% during the first quarter. Ancora Advisors LLC now owns 204,552 shares of the company's stock worth $2,048,000 after buying an additional 43,552 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its stake in shares of Genius Sports by 3.8% during the first quarter. Federation des caisses Desjardins du Quebec now owns 141,425 shares of the company's stock worth $1,417,000 after buying an additional 5,205 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Genius Sports by 17.6% during the first quarter. Royal Bank of Canada now owns 44,339 shares of the company's stock worth $444,000 after buying an additional 6,623 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Genius Sports during the first quarter worth approximately $12,264,000. Finally, Graham Capital Management L.P. raised its stake in shares of Genius Sports by 575.4% during the first quarter. Graham Capital Management L.P. now owns 355,097 shares of the company's stock worth $3,555,000 after buying an additional 302,522 shares during the last quarter. 81.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GENI has been the subject of several recent analyst reports. Arete Research raised shares of Genius Sports to a "strong-buy" rating in a research note on Wednesday, July 9th. JMP Securities upped their target price on shares of Genius Sports from $13.00 to $15.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 3rd. UBS Group upped their target price on shares of Genius Sports from $11.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Benchmark upped their target price on shares of Genius Sports from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, Roth Capital began coverage on shares of Genius Sports in a report on Friday. They issued a "buy" rating and a $16.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Genius Sports currently has an average rating of "Buy" and an average target price of $14.22.

Genius Sports Price Performance

NYSE GENI traded up $0.06 on Monday, hitting $12.54. 346,517 shares of the stock were exchanged, compared to its average volume of 4,326,334. The business's fifty day moving average is $11.91 and its 200 day moving average is $10.62. Genius Sports Limited has a 52 week low of $6.72 and a 52 week high of $13.73. The company has a market capitalization of $2.70 billion, a PE ratio of -40.44 and a beta of 1.87.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $118.72 million during the quarter, compared to the consensus estimate of $118.28 million. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. Genius Sports's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. Analysts predict that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

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.