AMI Asset Management Corp Takes $560,000 Position in Genius Sports Limited (NYSE:GENI)

AMI Asset Management Corp purchased a new position in shares of Genius Sports Limited (NYSE:GENIFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 64,693 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Genius Sports by 53.2% in the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after purchasing an additional 2,507,165 shares in the last quarter. Bank of Montreal Can acquired a new position in Genius Sports during the 2nd quarter valued at about $6,575,000. AYAL Capital Advisors Ltd bought a new position in shares of Genius Sports in the 2nd quarter valued at about $4,635,000. Senvest Management LLC raised its stake in shares of Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after buying an additional 819,385 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Genius Sports by 10.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock valued at $58,959,000 after buying an additional 691,539 shares during the period. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 0.5 %

NYSE:GENI opened at $8.72 on Tuesday. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $10.33. The stock’s 50-day simple moving average is $9.12 and its 200 day simple moving average is $7.83.

Genius Sports (NYSE:GENIGet Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. On average, analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GENI has been the subject of a number of recent analyst reports. Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and set a $11.00 price target on shares of Genius Sports in a research report on Thursday, January 16th. Oppenheimer upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Citigroup increased their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.28.

Check Out Our Latest Stock Analysis on GENI

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.

Further Reading

Institutional Ownership by Quarter for Genius Sports (NYSE:GENI)

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