Amundi Cuts Stock Holdings in Genius Sports Limited (NYSE:GENI)

Amundi cut its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F 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 quarter. Amundi owned about 0.52% of Genius Sports worth $9,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in shares of Genius Sports by 66.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 37,430 shares of the company's stock valued at $324,000 after acquiring an additional 14,965 shares during the period. Raymond James Financial Inc. purchased a new position in Genius Sports during the 4th quarter worth $12,332,000. Aigen Investment Management LP purchased a new position in Genius Sports during the 4th quarter worth $163,000. M&T Bank Corp grew its stake in Genius Sports by 20.4% during the 4th quarter. M&T Bank Corp now owns 164,437 shares of the company's stock worth $1,422,000 after buying an additional 27,901 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. grew its stake in Genius Sports by 2.9% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 308,553 shares of the company's stock worth $2,669,000 after buying an additional 8,678 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Price Performance

NYSE GENI traded down $0.12 during trading hours on Tuesday, reaching $9.37. The company's stock had a trading volume of 3,938,493 shares, compared to its average volume of 2,475,217. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -29.27 and a beta of 2.14. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.33. The company's 50-day moving average is $9.09 and its two-hundred day moving average is $8.53.

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Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly 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 business had revenue of $175.53 million during 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 period in the previous year, the company posted ($0.10) EPS. Equities analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

GENI has been the topic of several research analyst reports. JMP Securities restated a "market outperform" rating and set a $11.00 target price on shares of Genius Sports in a research note on Monday, January 27th. The Goldman Sachs Group lifted their price target on Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Craig Hallum set a $15.00 price target on Genius Sports in a research report on Tuesday, March 4th. Guggenheim began coverage on Genius Sports in a research report on Tuesday. They set a "buy" rating and a $12.00 price target for the company. Finally, B. Riley began coverage on Genius Sports in a research report on Tuesday. They set a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.23.

Genius Sports Company 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.