Genius Sports Limited $GENI Position Cut by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. trimmed its stake in Genius Sports Limited (NYSE:GENI) by 10.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,360,129 shares of the company’s stock after selling 270,548 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Genius Sports were worth $25,985,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of Genius Sports by 17.9% during the third quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock valued at $167,298,000 after purchasing an additional 2,051,503 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Genius Sports by 1.7% during the fourth quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock worth $65,582,000 after acquiring an additional 101,120 shares during the period. Stephens Investment Management Group LLC grew its holdings in Genius Sports by 68.9% during the fourth quarter. Stephens Investment Management Group LLC now owns 5,624,316 shares of the company’s stock worth $61,980,000 after acquiring an additional 2,293,847 shares during the period. TimesSquare Capital Management LLC acquired a new position in Genius Sports during the fourth quarter worth about $59,851,000. Finally, Invesco Ltd. grew its holdings in Genius Sports by 50.6% during the third quarter. Invesco Ltd. now owns 4,957,261 shares of the company’s stock worth $61,371,000 after acquiring an additional 1,665,626 shares during the period. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Price Performance

NYSE:GENI opened at $6.75 on Wednesday. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The stock’s 50-day moving average is $4.85 and its two-hundred day moving average is $7.11. The stock has a market cap of $1.66 billion, a PE ratio of -11.07 and a beta of 1.90.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The firm had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. On average, equities research analysts anticipate that Genius Sports Limited will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GENI shares. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a report on Monday, May 11th. They set a “buy” rating and a $10.00 target price on the stock. Truist Financial lowered their target price on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genius Sports in a report on Friday, March 27th. Needham & Company LLC lowered their target price on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Stifel Nicolaus lowered their target price on Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.68.

About Genius Sports

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.