Dynamic Technology Lab Private Ltd Makes New Investment in Genius Sports Limited $GENI

Dynamic Technology Lab Private Ltd bought a new position in shares of Genius Sports Limited (NYSE:GENI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 107,474 shares of the company’s stock, valued at approximately $1,118,000.

Several other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in Genius Sports by 194.9% during the first quarter. Envestnet Asset Management Inc. now owns 48,904 shares of the company’s stock worth $490,000 after acquiring an additional 32,322 shares during the period. Victory Capital Management Inc. grew its stake in Genius Sports by 4.6% in the 1st quarter. Victory Capital Management Inc. now owns 24,854 shares of the company’s stock valued at $249,000 after purchasing an additional 1,085 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Genius Sports during the 1st quarter valued at $749,000. Legato Capital Management LLC bought a new stake in shares of Genius Sports during the 1st quarter worth $917,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of Genius Sports by 61.5% in the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock worth $38,000 after buying an additional 1,430 shares during the last quarter. 81.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Northland Capmk upgraded shares of Genius Sports to a “strong-buy” rating in a research note on Friday, July 25th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research note on Tuesday, November 4th. Zacks Research lowered Genius Sports from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen lowered Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.11.

Genius Sports Price Performance

Shares of GENI stock opened at $9.08 on Friday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -19.32 and a beta of 1.84. The company’s fifty day simple moving average is $11.47 and its two-hundred day simple moving average is $11.15. Genius Sports Limited has a 1 year low of $8.15 and a 1 year high of $13.73.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The company had revenue of $166.28 million during the quarter, compared to the consensus estimate of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. Genius Sports has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Genius Sports Limited will post -0.1 EPS 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.