Westfield Capital Management Co. LP boosted its position in Genius Sports Limited (NYSE:GENI - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,178,257 shares of the company's stock after purchasing an additional 49,279 shares during the period. Westfield Capital Management Co. LP owned approximately 1.01% of Genius Sports worth $21,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in GENI. IPG Investment Advisors LLC bought a new stake in shares of Genius Sports during the first quarter valued at approximately $107,000. Jefferies Financial Group Inc. bought a new stake in shares of Genius Sports during the first quarter valued at approximately $1,001,000. XTX Topco Ltd raised its stake in shares of Genius Sports by 74.8% during the first quarter. XTX Topco Ltd now owns 104,381 shares of the company's stock valued at $1,045,000 after acquiring an additional 44,673 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Genius Sports by 61.5% during the first quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock valued at $38,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Legato Capital Management LLC bought a new stake in shares of Genius Sports during the first quarter valued at approximately $917,000. Institutional investors own 81.91% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on GENI. Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a research note on Monday, April 21st. They set a "buy" rating and a $12.00 price target for the company. Arete began coverage on shares of Genius Sports in a research note on Wednesday, July 9th. They set a "buy" rating and a $15.00 price target for the company. Needham & Company LLC lifted their price target on shares of Genius Sports from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday. Northland Capmk raised shares of Genius Sports to a "strong-buy" rating in a report on Friday, July 25th. Finally, JMP Securities set a $13.00 price objective on shares of Genius Sports and gave the company a "market outperform" rating in a report on Monday, June 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.69.
Check Out Our Latest Report on Genius Sports
Genius Sports Price Performance
NYSE GENI traded up $0.41 on Friday, hitting $12.37. The stock had a trading volume of 5,839,662 shares, compared to its average volume of 6,133,581. The business's fifty day moving average price is $10.41 and its 200 day moving average price is $9.95. Genius Sports Limited has a 52-week low of $6.37 and a 52-week high of $12.45. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -39.90 and a beta of 1.86.
Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Genius Sports had a negative return on equity of 11.48% and a negative net margin of 13.94%. The company had revenue of $118.72 million for the quarter, compared to analyst estimates of $118.28 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company's quarterly revenue was up 24.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current year.
Genius Sports declared that its Board of Directors has authorized a share repurchase program 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 programs are typically an indication that the company's board believes its stock is undervalued.
Genius Sports Company 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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