Genius Sports Limited $GENI Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its stake in shares of Genius Sports Limited (NYSE:GENI) by 80.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,528 shares of the company’s stock after selling 192,411 shares during the quarter. Calamos Advisors LLC’s holdings in Genius Sports were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in Genius Sports during the third quarter worth about $65,000. Strs Ohio grew its position in Genius Sports by 178.9% during the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after buying an additional 3,400 shares during the period. Bessemer Group Inc. grew its position in shares of Genius Sports by 1,163.1% in the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after purchasing an additional 6,455 shares during the last quarter. CWM LLC grew its position in shares of Genius Sports by 106.3% in the third quarter. CWM LLC now owns 8,209 shares of the company’s stock valued at $102,000 after purchasing an additional 4,229 shares during the last quarter. Finally, Victory Financial Group LLC acquired a new stake in shares of Genius Sports in the fourth quarter valued at approximately $113,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Stock Performance

GENI opened at $4.41 on Tuesday. The stock has a market capitalization of $1.09 billion, a PE ratio of -10.26 and a beta of 2.08. Genius Sports Limited has a 1 year low of $3.83 and a 1 year high of $13.73. The company’s 50 day simple moving average is $5.03 and its 200 day simple moving average is $8.32.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The business had revenue of $240.50 million for the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The company’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period last year, the firm earned ($0.12) earnings per share.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GENI shares. Wells Fargo & Company cut their price target on Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Wall Street Zen upgraded Genius Sports from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Needham & Company LLC cut their target price on shares of Genius Sports from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Benchmark restated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genius Sports in a research note on Friday, March 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and a consensus price target of $12.50.

Genius Sports Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.