Granahan Investment Management, L has recently announced that it has increased stake in Genius Sports Limited (NYSE:GENI) by 36.82%. After grabbing 14.4 million shares, the institutional investor is now in possession of 3.88 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 6.65% having worth around $79.94 million. Moreover, Nikko Asset Management Americas, increased its share by 1.49 million to have a control over 7.05 million shares. And ARK Investment Management LLC raised its holdings to 1.2 million shares by acquiring 6.29 million shares or 2.91% of the stake.
Genius Sports Limited (GENI) concluded trading on 01/04/24 at a closing price of $5.61, with 4.39 million shares of worth about $24.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.15% during that period and on Thursday the price remained unchanged. Currently the company’s common shares owned by public are about 201.85M shares, out of which, 121.67M shares are available for trading.
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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 6.5 million shares of worth totaling $36.07 million. The company recently came buying 0.15 million shares which brought its stake up to 3.00% of the company’s outstanding shares. MFS New Discovery Fund bought 0.31 million shares, after which its hold over company’s outstanding shares expand to 1.63%, leaving 3.52 million shares with the mutual fund that have a worth of about $19.55 million. Granahan Funds Plc – US Focused G, after buying 2.0 million shares, have now control over 0.93% of the stake in the company. It holds 0.85 million shares of worth $11.12 million.
Genius Sports Limited (NYSE: GENI) started trading at $5.56, below -$0.05 from concluding price of the previous day. Stock saw a price change of -11.65% in past 5 days and over the past one month there was a price change of 0.90%. Year-to-date (YTD), GENI shares are showing a performance of -9.22% which increased to 65.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.30 but also hit the highest price of $8.45 during that period. The average intraday trading volume for Genius Sports Limited shares is 1.84 million. The stock is currently trading -4.67% below its 20-day simple moving average (SMA20), while that difference is up 2.54% for SMA50 and it goes to 0.02% higher than SMA200.
Granahan Investment Management, L acquired 14.4 million shares of Genius Sports Limited having value of about $79.94 million. Data submitted at the U.S SEC by Granahan Investment Management, L revealed that the firm now holds 3.88 million shares in the company valued at close to $21744825.63, or have control over 36.82% stake in the company. Genius Sports Limited (NYSE: GENI) currently have 201.85M outstanding shares and institutions hold larger chunk of about 54.55% of that. Holding of mutual funds in the company is about 14.83% while other institutional holders and individual stake holders have control over 38.46% and — of the stake respectively.
The stock has a current market capitalization of $1.17B and its 3Y-monthly beta is at 2.04. It has posted earnings per share of -$0.86 in the same period. It has Quick Ratio of 1.42 while making debt-to-equity ratio of 0.03. 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 3.82% while standing at 4.30% over the month.
Analysts are in expectations that Genius Sports Limited (GENI) stock would likely to be making an EPS of -$0.07 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.04 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 -$0.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 67.85% while it is estimated to increase by 56.98% in next year.
Analysts at 11 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 1.18. Out of those 11 Wall Street analysts, 10 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 Macquarie on December 21, 2023 offering an Outperform rating for the stock and assigned a target price of $11 to it.
