Two Sigma Investments LP bought a new stake in Genius Sports Limited (NYSE:GENI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,243 shares of the company's stock, valued at approximately $227,000.
Other institutional investors also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of Genius Sports in the fourth quarter valued at approximately $58,000. Steward Partners Investment Advisory LLC raised its position in Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after purchasing an additional 3,429 shares during the last quarter. Bayesian Capital Management LP bought a new position in Genius Sports in the 4th quarter worth approximately $129,000. Envestnet Asset Management Inc. raised its position in Genius Sports by 27.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock worth $143,000 after purchasing an additional 3,548 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in 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 during the last quarter. Institutional investors own 81.91% of the company's stock.
Genius Sports Stock Performance
NYSE GENI traded down $0.69 on Friday, reaching $9.78. The company had a trading volume of 6,249,355 shares, compared to its average volume of 3,090,945. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -30.57 and a beta of 1.87. Genius Sports Limited has a 1-year low of $5.09 and a 1-year high of $11.40. The company's fifty day moving average is $10.04 and its 200-day moving average is $9.53.
Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. The firm had revenue of $143.99 million during the quarter, compared to analyst estimates of $143.31 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) EPS. On average, research 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 approved a stock repurchase program on Tuesday, May 6th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
Analysts Set New Price Targets
GENI has been the subject of several research analyst reports. Benchmark restated a "buy" rating and issued a $12.00 price objective on shares of Genius Sports in a research report on Thursday, April 17th. BTIG Research boosted their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and issued a $13.00 price objective on shares of Genius Sports in a research report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, B. Riley reaffirmed a "buy" rating on shares of Genius Sports in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.19.
Check Out Our Latest Report on Genius Sports
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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