Genius Sports Limited $GENI Shares Sold by Amundi

Amundi lowered its stake in shares of Genius Sports Limited (NYSE:GENI) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,087,543 shares of the company’s stock after selling 33,805 shares during the quarter. Amundi owned approximately 0.51% of Genius Sports worth $10,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GENI. Northern Trust Corp raised its holdings in Genius Sports by 103.3% during the fourth quarter. Northern Trust Corp now owns 63,510 shares of the company’s stock worth $549,000 after purchasing an additional 32,271 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Genius Sports in the 4th quarter valued at $2,353,000. Bank of America Corp DE boosted its stake in Genius Sports by 41.7% during the 4th quarter. Bank of America Corp DE now owns 312,289 shares of the company’s stock worth $2,701,000 after purchasing an additional 91,888 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Genius Sports by 1,953.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,066,005 shares of the company’s stock worth $9,221,000 after purchasing an additional 1,014,083 shares during the period. Finally, Graham Capital Management L.P. grew its position in Genius Sports by 52.0% during the 4th quarter. Graham Capital Management L.P. now owns 52,575 shares of the company’s stock worth $455,000 after purchasing an additional 17,986 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Trading Up 0.1%

NYSE GENI opened at $12.78 on Wednesday. The business’s 50 day moving average is $11.75 and its two-hundred day moving average is $10.52. Genius Sports Limited has a 12-month low of $6.72 and a 12-month high of $13.73. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -41.23 and a beta of 1.87.

Genius Sports (NYSE:GENI) last released its earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share (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 business 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) EPS. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. Equities analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

GENI has been the subject of a number of research reports. Northland Securities initiated coverage on shares of Genius Sports in a report on Friday, July 25th. They issued an “outperform” rating and a $14.00 target price for the company. The Goldman Sachs Group boosted their price target on Genius Sports from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Needham & Company LLC increased their price objective on Genius Sports from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Macquarie boosted their target price on Genius Sports from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Genius Sports has a consensus rating of “Buy” and an average target price of $14.13.

Genius Sports Profile

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.