Tudor Investment Corp ET AL grew its position in Genius Sports Limited (NYSE:GENI - Free Report) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 550,371 shares of the company's stock after purchasing an additional 42,016 shares during the period. Tudor Investment Corp ET AL owned approximately 0.26% of Genius Sports worth $4,761,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management purchased a new stake in Genius Sports during the fourth quarter worth $449,000. Aquatic Capital Management LLC acquired a new stake in Genius Sports in the 4th quarter valued at approximately $556,000. Boothbay Fund Management LLC raised its holdings in Genius Sports by 914.8% in the fourth quarter. Boothbay Fund Management LLC now owns 109,649 shares of the company's stock valued at $948,000 after acquiring an additional 98,844 shares in the last quarter. Nebula Research & Development LLC acquired a new position in shares of Genius Sports during the fourth quarter worth $204,000. Finally, Voya Investment Management LLC lifted its stake in Genius Sports by 14.6% during the fourth quarter. Voya Investment Management LLC now owns 2,316,026 shares of the company's stock worth $20,034,000 after purchasing an additional 294,296 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed 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. 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. The Goldman Sachs Group increased their price target on Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, March 5th. Guggenheim assumed coverage on shares of Genius Sports in a report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price objective for the company. Finally, Needham & Company LLC reissued a "buy" rating and issued a $13.00 price target on shares of Genius Sports in a research note on Tuesday. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.
Get Our Latest Analysis on Genius Sports
Genius Sports Stock Performance
NYSE GENI traded down $0.34 during trading hours on Wednesday, hitting $10.18. 1,503,984 shares of the company traded hands, compared to its average volume of 2,784,197. Genius Sports Limited has a twelve month low of $5.03 and a twelve month high of $11.40. The business's 50-day moving average is $9.92 and its 200-day moving average is $9.19. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -31.64 and a beta of 1.96.
Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $143.99 million during the quarter, compared to the consensus estimate 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 was up 20.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) earnings per share. Analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.
Genius Sports declared that its board has authorized a stock buyback program on Tuesday, May 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is 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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