( ) saw a significant increase in short interest throughout the month of April. On April 15, there were 4,120,000 short shares, an increase of 21,9% over the 3,380,000 total shares on March 31st. The days-tocover ratio, based on an average trading volume 1,020,000 shares is currently 4.0 days. About 3.7% of shares are short-sold.
Inflows of Institutional Capital and Outflows
Several institutional investors and hedge fund have recently increased or decreased their stakes in this company. Altshuler Shaham Ltd purchased a new stake of shares in Genius Sports valued at $35,000 during the fourth quarter. United Capital Financial Advisers LLC purchased a new stake of shares in Genius Sports for $37,000 during the fourth quarter. Vanguard Personalized Indexing Management LLC purchased a new stake of shares in Genius Sports for $39,000 during the second quarter. Belpointe Asset Management LLC purchased a new stake of shares in Genius Sports for $40,000 during the fourth quarter. FNY Investment Advisers LLC purchased a new stake of shares in Genius Sports for $43,000 during the first quarter. On Friday, the stock rose $0.01 to $3.71. The average trading volume for the stock is 917,571 shares. The debt-to equity ratio for the company is 0.01, its current ratio is 1.38, and it has a quick rate of 1.38. The company has a moving average for fifty days of $4.51, and a moving average for two hundred days of $4.52. Genius Sports's 1-year low is $2.20, and its 1-year high is $5.82. The market cap is $815.68m, with a P/E of -4.12, and a beta value of 1.97.
Analyst Ratings Changes
GENI has recently been the subject of several research reports. Needham & Company LLC reissued a buy' rating on Monday, March 13, and set a target price of $7.00 on shares Genius Sports. BTIG Research started covering Genius Sports on Monday, 20th March. The stock was given a 'buy rating' and a target price of $6.00. JMP Securities reiterated its'market-outperform' rating on Thursday, April 13, and set a target price of $7.00 on shares Genius Sports. Credit Suisse Group reduced their target price for Genius Sports in a report published on Monday, March 13, from $10.00 down to $8.00. They also gave the stock an 'outperform rating'. Six analysts have given the stock a buy recommendation. According to MarketBeat.com data, Genius Sports' average rating is 'Buy,' with an average price of $7.00.
About Genius Sport
Genius Sports Limited is a technology-led company that develops products and services for the sports, betting and media industries. It provides technology infrastructure to collect, integrate, and distribute live data from sports leagues. It also offers streaming solutions, including technology, automatic production and distribution, for sports to commercialize their video footage.
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