Published on 29 Apr 2024 on Simply Wall St. via Yahoo Finance
With 52% ownership, Genius Sports Limited (NYSE:GENI) boasts of strong institutional backing
Key Insights
Given the large stake in the stock by institutions, Genius Sports' stock price might be vulnerable to their trading decisionsThe top 7 shareholders own 52% of the company 12% of Genius Sports is held by insiders
To get a sense of who is truly in control of Genius Sports Limited (NYSE:GENI), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 52% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).