P.A.W. Capital Corp decreased its holdings in Genius Sports Limited (NYSE:GENI - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 340,000 shares of the company's stock after selling 60,000 shares during the quarter. Genius Sports accounts for approximately 8.4% of P.A.W. Capital Corp's holdings, making the stock its 4th largest position. P.A.W. Capital Corp owned approximately 0.16% of Genius Sports worth $3,403,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Steward Partners Investment Advisory LLC lifted its holdings 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 purchasing an additional 3,429 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Genius Sports by 22.2% during the fourth quarter. Victory Capital Management Inc. now owns 23,769 shares of the company's stock valued at $206,000 after purchasing an additional 4,321 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in shares of Genius Sports by 2.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 308,553 shares of the company's stock valued at $2,669,000 after purchasing an additional 8,678 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Genius Sports by 20.4% during the fourth quarter. M&T Bank Corp now owns 164,437 shares of the company's stock valued at $1,422,000 after purchasing an additional 27,901 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Genius Sports during the fourth quarter valued at $163,000. Institutional investors own 81.91% of the company's stock.
Analyst Ratings Changes
GENI has been the subject of a number of research analyst reports. Guggenheim initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price target for the company. Citigroup reissued an "outperform" rating on shares of Genius Sports in a research note on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports in a report on Monday, April 21st. They set a "buy" rating and a $12.00 price target on the stock. BTIG Research lifted their price objective on Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $13.00 target price on shares of Genius Sports in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Genius Sports has an average rating of "Moderate Buy" and an average price target of $12.46.
Read Our Latest Research Report on Genius Sports
Genius Sports Stock Performance
GENI traded up $0.31 during midday trading on Thursday, reaching $10.05. The company's stock had a trading volume of 1,751,626 shares, compared to its average volume of 3,348,028. The company has a fifty day simple moving average of $10.07 and a 200 day simple moving average of $9.56. Genius Sports Limited has a twelve month low of $5.31 and a twelve month high of $11.40.
Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $143.31 million. During the same quarter last year, the firm earned ($0.11) EPS. Genius Sports's revenue for the quarter was up 20.3% compared to the same quarter last year. On average, equities analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current year.
Genius Sports announced that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.
Genius Sports 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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