The Manufacturers Life Insurance Company acquired a new stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,825,129 shares of the company's stock, valued at approximately $28,280,000. The Manufacturers Life Insurance Company owned approximately 1.31% of Genius Sports as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in GENI. Pacer Advisors Inc. raised its holdings in shares of Genius Sports by 61.5% during the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock valued at $38,000 after purchasing an additional 1,430 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in Genius Sports by 46.7% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 9,777 shares of the company's stock worth $98,000 after purchasing an additional 3,112 shares in the last quarter. Park National Corp OH acquired a new position in Genius Sports during the first quarter worth $107,000. IPG Investment Advisors LLC acquired a new position in Genius Sports during the first quarter worth $107,000. Finally, Bayesian Capital Management LP bought a new position in Genius Sports during the fourth quarter valued at about $129,000. 81.91% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on GENI. Guggenheim set a $16.00 price target on Genius Sports and gave the stock a "buy" rating in a research note on Thursday, August 7th. Citigroup restated an "outperform" rating on shares of Genius Sports in a report on Wednesday. Benchmark upped their target price on Genius Sports from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. B. Riley increased their price target on Genius Sports from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Arete Research upgraded shares of Genius Sports to a "strong-buy" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $14.13.
Check Out Our Latest Research Report on GENI
Genius Sports Price Performance
Shares of Genius Sports stock traded down $0.06 during midday trading on Friday, hitting $13.50. 4,207,429 shares of the company were exchanged, compared to its average volume of 4,305,947. Genius Sports Limited has a 52 week low of $6.72 and a 52 week high of $13.73. The firm has a 50 day simple moving average of $11.59 and a 200-day simple moving average of $10.44. The firm has a market cap of $2.90 billion, a P/E ratio of -43.53 and a beta of 1.87.
Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) 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 analyst estimates of $118.28 million. Genius Sports had a negative return on equity of 11.48% and a negative net margin of 13.94%.The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) EPS. Equities research analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.
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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