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

AMI Asset Management Corp bought a new position in shares of Genius Sports Limited (NYSE:GENI) in the fourth quarter, Holdings Channel reports. The fund bought 64,693 shares of the company’s stock, valued at approximately $560,000.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC bought a new position in shares of Genius Sports in the second quarter worth about $67,000. Sound Income Strategies LLC acquired a new stake in shares of Genius Sports during the third quarter valued at about $78,000. Arkadios Wealth Advisors bought a new stake in shares of Genius Sports during the third quarter worth about $79,000. Captrust Financial Advisors bought a new position in Genius Sports in the 3rd quarter valued at approximately $84,000. Finally, Walleye Trading LLC boosted its position in Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after buying an additional 29,555 shares during the period. Institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. B. Riley boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Genius Sports in a research report on Friday. JMP Securities reiterated a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a research report on Thursday, January 16th. Benchmark increased their price objective on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Citizens Jmp cut Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.28.

Genius Sports Trading Down 0.5 %

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

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

About Genius Sports

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.