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

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Genius Sports by 4.6% during the 1st quarter. Victory Capital Management Inc. now owns 24,854 shares of the company's stock valued at $249,000 after buying an additional 1,085 shares during the period. Pacer Advisors Inc. increased its stake in shares of 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 purchasing an additional 1,430 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Genius Sports by 2.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 57,732 shares of the company's stock worth $578,000 after purchasing an additional 1,652 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Genius Sports by 9.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,849 shares of the company's stock worth $259,000 after purchasing an additional 2,314 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Genius Sports by 19.4% in the 4th quarter. ProShare Advisors LLC now owns 17,132 shares of the company's stock worth $148,000 after purchasing an additional 2,787 shares in the last quarter. 81.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their price objective on Genius Sports from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. UBS Group upped their price objective on Genius Sports from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Wall Street Zen lowered Genius Sports from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. 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. Finally, Roth Capital initiated coverage on Genius Sports in a research note on Friday. They issued a "buy" rating and a $16.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $14.22.

Genius Sports Price Performance

Shares of Genius Sports stock traded down $0.03 during trading on Monday, reaching $12.45. 3,566,288 shares of the stock traded hands, compared to its average volume of 4,579,162. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -40.15 and a beta of 1.87. The business has a fifty day simple moving average of $11.96 and a two-hundred day simple moving average of $10.64. Genius Sports Limited has a 52-week low of $6.72 and a 52-week high of $13.73.

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 analysts' consensus estimates of ($0.04) by ($0.17). The firm had revenue of $118.72 million for the quarter, compared to analysts' expectations of $118.28 million. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The company's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. On average, research analysts predict that Genius Sports Limited will post -0.1 earnings per share 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.