Northern Trust Corp Has $549,000 Holdings in Genius Sports Limited (NYSE:GENI)

Northern Trust Corp grew its position in Genius Sports Limited (NYSE:GENI - Free Report) by 103.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,510 shares of the company's stock after acquiring an additional 32,271 shares during the period. Northern Trust Corp's holdings in Genius Sports were worth $549,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. raised its stake 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 valued at $464,000 after acquiring an additional 1,396 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Genius Sports by 39.2% in 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 last quarter. Envestnet Asset Management Inc. raised its stake in shares of Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock valued at $143,000 after acquiring an additional 3,548 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Genius Sports by 29.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 18,900 shares of the company's stock valued at $163,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Genius Sports by 22.2% in the 4th quarter. Victory Capital Management Inc. now owns 23,769 shares of the company's stock worth $206,000 after purchasing an additional 4,321 shares during the last quarter. Institutional investors own 81.91% of the company's stock.

Genius Sports Price Performance

Shares of Genius Sports stock traded down $0.18 on Monday, hitting $9.41. 2,691,372 shares of the company's stock traded hands, compared to its average volume of 3,615,505. The firm's 50-day moving average price is $10.08 and its two-hundred day moving average price is $9.51. The stock has a market capitalization of $2.03 billion, a PE ratio of -29.41 and a beta of 1.96. Genius Sports Limited has a one year low of $5.06 and a one year high of $11.40.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $143.99 million during the quarter, compared to analysts' expectations of $143.31 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The firm's quarterly revenue was up 20.3% on a year-over-year basis. On average, analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Genius Sports announced that its board has approved a share buyback plan on Tuesday, May 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 4.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have issued reports on GENI. Needham & Company LLC reaffirmed a "buy" rating and set a $13.00 price objective on shares of Genius Sports in a report on Tuesday, May 6th. Guggenheim began coverage on Genius Sports in a report on Tuesday, March 18th. They set a "buy" rating and a $12.00 price objective on the stock. Lake Street Capital upped their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft began coverage on Genius Sports in a report on Monday, April 21st. They set a "buy" rating and a $12.00 price objective on the stock. Finally, Benchmark reaffirmed a "buy" rating and set a $12.00 price objective on shares of Genius Sports in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.19.

About Genius Sports

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.