Caledonia has recently announced that it has increased stake in Genius Sports Limited (NYSE:GENI) by 10.60%. After grabbing 20.53 million shares, the institutional investor is now in possession of 1.97 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 9.93% having worth around $160.93 million. Moreover, Newton Investment Management Nort increased its share by 0.82 million to have a control over 6.63 million shares. And G2 Investment Partners Management raised its holdings to 2.38 million shares by acquiring 2.38 million shares or 1.15% of the stake.
Genius Sports Limited (GENI) concluded trading on 09/14/23 at a closing price of $5.67, with 10.61 million shares of worth about $60.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.28% during that period and on Thursday the price saw a loss of about -6.13%. Currently the company’s common shares owned by public are about 208.50M shares, out of which, 116.95M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the GENI stock and their offered price forecasts bring an average price target of $9.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $7.00. The stock’s current price level is 41.67% above of average price target set by the analysts, while a rise to estimated low would result in gain of 19.0% for the stock. However, touching the estimated high of $15.00 would mean a gain of 62.2% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
ARK Next Generation Internet ETF, MFS New Discovery Fund, and Granahan Funds Plc – US Focused G are the top 3 mutual funds which are holding stakes in Genius Sports Limited ARK Next Generation Internet ETF is currently holding 5.42 million shares of worth totaling $42.5 million. The company recently came buying 0.0 shares which brought its stake up to 2.62% of the company’s outstanding shares. Granahan Funds Plc – US Focused G, after buying 2.0 million shares, have now control over 0.97% of the stake in the company. It holds 0.85 million shares of worth $15.71 million.
Genius Sports Limited (NYSE: GENI) started trading at $5.41, below -$0.63 from concluding price of the previous day. However, the stock later moved at a day high price of 5.67, or with a loss of -6.13%. Stock saw a price change of -12.09% in past 5 days and over the past one month there was a price change of -11.68%. Year-to-date (YTD), GENI shares are showing a performance of 58.82% which increased to 29.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.12 but also hit the highest price of $8.45 during that period. The average intraday trading volume for Genius Sports Limited shares is 1.88 million. The stock is currently trading -10.85% below its 20-day simple moving average (SMA20), while that difference is down -17.95% for SMA50 and it goes to 7.17% higher than SMA200.
Caledonia acquired 20.53 million shares of Genius Sports Limited having value of about $160.93 million. Data submitted at the U.S SEC by Caledonia revealed that the firm now holds 1.97 million shares in the company valued at close to $11152181.25, or have control over 10.60% stake in the company. Genius Sports Limited (NYSE: GENI) currently have 208.50M outstanding shares and institutions hold larger chunk of about 35.20% of that. Holding of mutual funds in the company is about 12.70% while other institutional holders and individual stake holders have control over 31.54% and — of the stake respectively.
The stock has a current market capitalization of $1.29B and its 3Y-monthly beta is at 1.99. It has posted earnings per share of -$0.85 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GENI, volatility over the week remained 4.36% while standing at 4.05% over the month.
Analysts are in expectations that Genius Sports Limited (GENI) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.1 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 77.20% while it is estimated to increase by 61.50% in next year.
Analysts at 10 brokerage firms have issued recommendations for the Genius Sports Limited (GENI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 10 Wall Street analysts, 9 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Lake Street on May 25, 2023 offering a Buy rating for the stock and assigned a target price of $7 to it.
