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

Amundi trimmed its holdings in Genius Sports Limited (NYSE:GENI) by 5.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,121,348 shares of the company’s stock after selling 62,288 shares during the period. Amundi’s holdings in Genius Sports were worth $9,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in shares of Genius Sports in the third quarter valued at approximately $84,000. Walleye Trading LLC raised its position in shares of Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after buying an additional 29,555 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after buying an additional 3,429 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Genius Sports in the fourth quarter valued at approximately $136,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Genius Sports in the third quarter valued at approximately $161,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Stock Performance

NYSE GENI opened at $9.19 on Friday. The firm’s fifty day moving average price is $9.08 and its two-hundred day moving average price is $8.51. The stock has a market cap of $1.98 billion, a PE ratio of -28.70 and a beta of 2.14. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $10.33.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The company had revenue of $175.53 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted ($0.10) EPS. As a group, sell-side analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GENI. The Goldman Sachs Group lifted their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Citigroup boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research report on Tuesday, March 4th. Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a research report on Wednesday, March 5th. Finally, Lake Street Capital boosted their price objective on shares of Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Genius Sports has a consensus rating of “Moderate Buy” and an average price target of $12.25.

Genius Sports Profile

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.