Is Genius Sports Limited (GENI) positioned for future growth?

Genius Sports Limited (NYSE: GENI) stock jumped 7.49% on Monday to $4.45 against a previous-day closing price of $4.14. With 1.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.89 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $4.6200 whereas the lowest price it dropped to was $4.1600. The 52-week range on GENI shows that it touched its highest point at $7.09 and its lowest point at $2.20 during that stretch. It currently has a 1-year price target of $7.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GENI was up-trending over the past week, with a rise of 1.37%, but this was up by 29.36% over a month. Three-month performance surged to 6.71% while six-month performance rose 73.15%. The stock lost -33.38% in the past year, while it has gained 24.65% so far this year. A look at the trailing 12-month EPS for GENI yields -0.61 with Next year EPS estimates of -0.30. For the next quarter, that number is -0.11. This implies an EPS growth rate of 90.60% for this year and 18.90% for next year.

Float and Shares Shorts:

At present, 200.14 million GENI shares are outstanding with a float of 112.61 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.91 million, which was 2.25% higher than short shares on Sep 14, 2022. In addition to Mr. Mark Locke as the firm’s Co-Founder, CEO & Director, Mr. Nicholas Taylor serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 38.78% of GENI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.91% of GENI, in contrast to 25.97% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GENI with 9.37% of the stake, Caledonia holds 18,559,335 shares worth 18,559,335. A second-largest stockholder of GENI, Granahan Investment Management, L, holds 9,256,521 shares, controlling over 4.67% of the firm’s shares. Nikko Asset Management Americas, is the third largest shareholder in GENI, holding 5,295,697 shares or 2.67% stake. With a 2.44% stake in GENI, the ARK Next Generation Internet ETF is the largest stakeholder. A total of 4,831,600 shares are owned by the mutual fund manager. The MFS New Discovery Fund, which owns about 1.30% of GENI stock, is the second-largest Mutual Fund holder. It holds 2,578,078 shares valued at 9.2 million. Granahan Funds Plc – US Focused G holds 0.58% of the stake in GENI, owning 1,152,644 shares worth 4.11 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GENI since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GENI analysts setting a high price target of $10.00 and a low target of $5.00, the average target price over the next 12 months is $7.75. Based on these targets, GENI could surge 124.72% to reach the target high and rise by 12.36% to reach the target low. Reaching the average price target will result in a growth of 74.16% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GENI will report FY 2022 earnings on 03/08/2024. Analysts have provided yearly estimates in a range of -$0.26 being high and -$0.44 being low. For GENI, this leads to a yearly average estimate of -$0.37. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Genius Sports Limited surprised analysts by $0.04 when it reported -$0.04 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.11.

Summary of Insider Activity:

Insiders traded GENI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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