Amundi Has $9.98 Million Holdings in Genius Sports Limited (NYSE:GENI)

Amundi cut its stake in Genius Sports Limited (NYSE:GENI) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,121,348 shares of the company’s stock after selling 62,288 shares during the period. Amundi owned approximately 0.52% of Genius Sports worth $9,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in Genius Sports in the 3rd quarter worth $84,000. Walleye Trading LLC boosted its stake in Genius Sports by 169.9% in the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after purchasing an additional 29,555 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares during the period. Perigon Wealth Management LLC acquired a new position in shares of Genius Sports during the 4th quarter worth about $136,000. Finally, Canton Hathaway LLC bought a new position in shares of Genius Sports in the 3rd quarter valued at about $161,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Performance

Genius Sports stock opened at $9.19 on Friday. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $10.33. The stock has a market capitalization of $1.98 billion, a P/E ratio of -28.70 and a beta of 2.14. The stock has a 50-day simple moving average of $9.08 and a 200 day simple moving average of $8.51.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The company had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter last year, the business earned ($0.10) earnings per share. Research analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup raised their price objective on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Lake Street Capital raised their price objective on Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. JMP Securities restated a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. Citizens Jmp cut Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group raised their price objective on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.25.

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.