Amova Asset Management Americas Inc. Boosts Stock Position in Genius Sports Limited $GENI

Amova Asset Management Americas Inc. boosted its position in shares of Genius Sports Limited (NYSE:GENI) by 65.7% during the first quarter, Holdings Channel.com reports. The firm owned 3,909,945 shares of the company’s stock after buying an additional 1,549,816 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Genius Sports were worth $17,321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TimesSquare Capital Management LLC purchased a new position in Genius Sports in the 4th quarter valued at approximately $59,851,000. Invesco Ltd. raised its holdings in Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after acquiring an additional 3,202,290 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Genius Sports by 785.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,289,270 shares of the company’s stock worth $36,248,000 after acquiring an additional 2,917,830 shares during the last quarter. Voss Capital LP lifted its stake in Genius Sports by 35.4% in the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after acquiring an additional 2,900,000 shares during the last quarter. Finally, WCM Investment Management LLC grew its holdings in Genius Sports by 510.9% during the 1st quarter. WCM Investment Management LLC now owns 2,917,437 shares of the company’s stock worth $12,370,000 after acquiring an additional 2,439,890 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Analysts Set New Price Targets

GENI has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company decreased their target price on Genius Sports from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial cut their price target on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Finally, Roth Capital set a $10.00 target price on shares of Genius Sports in a research report on Friday, May 8th. Two research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.44.

Genius Sports Stock Up 7.9%

Shares of NYSE:GENI opened at $6.79 on Tuesday. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The firm’s 50-day simple moving average is $5.96 and its 200-day simple moving average is $6.27. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -11.14 and a beta of 1.91.

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

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.