D. E. Shaw & Co. Inc. Has $9.22 Million Stock Position in Genius Sports Limited (NYSE:GENI)

D. E. Shaw & Co. Inc. boosted its holdings in shares of Genius Sports Limited (NYSE:GENI) by 1,953.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,066,005 shares of the company’s stock after buying an additional 1,014,083 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Genius Sports were worth $9,221,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Genius Sports in the fourth quarter valued at approximately $58,000. Steward Partners Investment Advisory LLC lifted its holdings in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after purchasing an additional 3,429 shares during the last quarter. Bayesian Capital Management LP bought a new position in Genius Sports during the fourth quarter worth $129,000. Perigon Wealth Management LLC bought a new position in Genius Sports during the fourth quarter worth $136,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock valued at $143,000 after purchasing an additional 3,548 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GENI shares. Benchmark restated a “buy” rating and set a $12.00 target price on shares of Genius Sports in a research note on Thursday, April 17th. B. Riley restated a “buy” rating on shares of Genius Sports in a research report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a report on Monday, April 21st. They set a “buy” rating and a $12.00 price objective for the company. The Goldman Sachs Group increased their target price on Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.19.

Genius Sports Price Performance

Shares of NYSE:GENI opened at $10.05 on Thursday. The business’s 50 day simple moving average is $10.05 and its 200 day simple moving average is $9.30. Genius Sports Limited has a 1 year low of $5.03 and a 1 year high of $11.40. The company has a market capitalization of $2.16 billion, a P/E ratio of -31.41 and a beta of 1.96.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company had revenue of $143.99 million for the quarter, compared to analyst estimates of $143.31 million. During the same period in the prior year, the firm posted ($0.11) EPS. Genius Sports’s quarterly revenue was up 20.3% on a year-over-year basis. On average, sell-side analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Genius Sports declared that its board has approved a stock repurchase plan on Tuesday, May 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.