This Popular Reddit Stock Is a Cathie Wood Favorite

TheStreet2021-09-13

Sports data and technology company Genius Sports has been popular on the discussion boards. Today, Wall Street Memes talks about GENI, a stock that is owned by Cathie Wood’s ARK Invest. Genius Sports ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

FFX
2021-09-13
FFX
interesting
Yiggy
2021-09-13
Yiggy
Ok
- FFX:
  [财迷]
- Yiggy:
  ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1182444725?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-13 21:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1182444725","market":"us","top_or_hot":-1,"title":"This Popular Reddit Stock Is a Cathie Wood Favorite","media":"TheStreet","content":"<div>\n<p>Sports data and technology company Genius Sports has been popular on the discussion boards. Today, Wall Street Memes talks about GENI, a stock that is owned by Cathie Wood’s ARK Invest.\nGenius Sports ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/other-memes/this-popular-reddit-stock-is-a-cathie-wood-favorite\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Popular Reddit Stock Is a Cathie Wood Favorite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Popular Reddit Stock Is a Cathie Wood Favorite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 21:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/memestocks/other-memes/this-popular-reddit-stock-is-a-cathie-wood-favorite><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sports data and technology company Genius Sports has been popular on the discussion boards. Today, Wall Street Memes talks about GENI, a stock that is owned by Cathie Wood’s ARK Invest.\nGenius Sports ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/other-memes/this-popular-reddit-stock-is-a-cathie-wood-favorite\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GENI","symbol_name":"Genius Sports Ltd","start_time":0,"source_url":"https://www.thestreet.com/memestocks/other-memes/this-popular-reddit-stock-is-a-cathie-wood-favorite","article_id":"1182444725","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182444725","pubTimestamp":1631539630,"sourceInfo":null,"weMediaInfo":null,"summary":"Sports data and technology company Genius Sports has been popular on the discussion boards. Today, W","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GENI":"Genius Sports Ltd"},"translate_title":"这只受欢迎的Reddit股票是凯西·伍德最喜欢的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GENI":0.9},"content_text":"Sports data and technology company Genius Sports has been popular on the discussion boards. Today, Wall Street Memes talks about GENI, a stock that is owned by Cathie Wood’s ARK Invest.\nGenius Sports stock(GENI) has been trending among retail investors on Reddit forum WallStreetBets. The stock is backed by famed investor Cathie Wood’s ARK Invest, which owns well over 1 million shares of GENI.\nToday, Wall Street Memes talks about GENI stock and the investment opportunity.\nFigure 1: Genius Sports on NYSE.\nBackground first\nGenius Sport is a $4.2 billion market cap company that collects and processes data from sports events and later sells it to gambling companies like Skillz and DraftKings. Genius is anofficialdata partner of the NFL and also has deals with NASCAR, MLB, NBA and others.\nCurrently, Sportsradar is a main competitor, although it is not a publicly traded company. Genius went public in April of 2021 through SPAC dMY Technology Group, with an initial share price of $21.60. Currently, the stock is priced a bit over $22.\nRecent financial performance\nIn the second quarter of this year, Genius reported revenues of nearly $56 million that topped consensus by $2 million, for growth of 108% YOY. Adjusted EBITDA increased 126% YOY to $5 million. The company also announced multi-year strategic partnerships with DraftKings, Caesars and WynnBET to provide a full range of official sportsbook data and content.\nFigure 2: GENI second quarter financial results.\nOn the bottom line, the company reported a large EPS miss in Q2, although much of it can be attributed to below-the-line items that should not mean much to the investment thesis. Net loss of $464 million compared to $7 million loss in the same period on the prior year.\nWhy ARK Invest is betting on GENI\nCathie Wood’s ARK Invest has seen plenty of growth opportunities in online sports betting, since it started to be legalized, in 2018. The New-York based fund’s analyst Nicholas Grous believes in the following:\n\n “According to our research, during the next five years, as the handle for online sports betting scales 10-fold from roughly $18 billion to $180 billion, the three major sports betting categories combined could generate 31% revenue growth at a compound annual rate, increasing the online sports betting category from $9.5 billion last year to $37 billion in 2025.”\n\nARK Invest sees Genius Sports as part of the backbone in regulated sports betting. The fund initially bought 280,000 shares for its ARK Next Generation Internet ETF (ARKW) in August 2021 and kept buying more. Today, the fund owns 1.4 million shares. See below:\nFigure 3: ARKW Holdings of Genius Sports (GENI).\nWall Street Memes’ final observations\nGENI stock differs from “traditional” meme stocks primarily because short interest is low, at less than 5%, and the business fundamentals look solid. The stock’s popularity on Reddit appears to be mainly due to the prospects in sports betting and the opportunities that Genius Sports faces within this emerging industry.\nIn any case, the ARK fund’s investment in GENI can reinforce retail investors’ confidence in the stock, given the solid track record of Cathie Wood and her team.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":886052906,"gmtCreate":1631540699005,"gmtModify":1676530570177,"author":{"id":"3576060582803676","authorId":"3576060582803676","name":"FFX","avatar":"https://community-static.tradeup.com/news/1ef6d6cc462584c56b30f8322d0ec01a","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3576060582803676","authorIdStr":"3576060582803676"},"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886052906","repostId":1182444725,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886023833,"gmtCreate":1631540163722,"gmtModify":1676530569891,"author":{"id":"3586820531331629","authorId":"3586820531331629","name":"Yiggy","avatar":"https://static.tigerbbs.com/ff58b9eedc6885ba1517f4653d6e0e58","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586820531331629","authorIdStr":"3586820531331629"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/886023833","repostId":1182444725,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5854429,"gmtCreate":1631540720640,"gmtModify":1663233822033,"authorId":3576060582803676,"author":{"id":3576060582803676,"idStr":"3576060582803676","authorId":3576060582803676,"name":"FFX","avatar":"https://community-static.tradeup.com/news/1ef6d6cc462584c56b30f8322d0ec01a","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886023833,"type":1,"supId":5854316,"prevId":0,"content":"[财迷]","text":"[财迷]","html":"[财迷]"},{"id":5854316,"gmtCreate":1631540173080,"gmtModify":1663233820544,"authorId":3586820531331629,"author":{"id":3586820531331629,"idStr":"3586820531331629","authorId":3586820531331629,"name":"Yiggy","avatar":"https://static.tigerbbs.com/ff58b9eedc6885ba1517f4653d6e0e58","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886023833,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":61,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1182444725"}