12 Best Growth Stocks Under $25 to Buy Now

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7. Genius Sports Limited (NYSE:GENI)

Number of Hedge Fund Holders: 27

Share Price as of January 8, 2024: $8.8

Genius Sports Limited (NYSE:GENI) ranks seventh on our list of the best growth stocks to buy now under $25. The sports-based data and technology company provides several key services such as data management, video streaming, and integrity services to sports leagues. GENI was founded in 2001 and is committed to making sports smarter for fans and teams. Companies and organizations like the NFL, Coca-Cola, and the Premier League use the services of GENI to place the right ads at the right time, drive fan engagement, and increase efficiency.

It is no surprise that Genius Sports Limited (NYSE:GENI) is using artificial intelligence to enhance its offerings. The company is able to transform millions of data points into insights in readable formats such as videos, visuals, and data charts. Moreover, its data and video analysis software allows coaches with powerful insights to master crucial decision-making. In addition to that, the Genius monitoring system is also able to detect any suspicious betting activity using its predictive algorithms.

27 hedge funds were bullish on the stock at the close of Q3 2024, and that is primarily because of GENI’s growing popularity in the sports industry which is also expected to grow immensely over time due to solid partnerships with big names. In addition to its strong position, the company is also becoming a data and technology powerhouse, setting it apart from its competitors.

Choice Equities Capital Management stated the following regarding Genius Sports Limited (NYSE:GENI) in its Q3 2024 investor letter:

“CZR and Genius Sports Limited (NYSE:GENI) – Both Caesars Entertainment, Inc. and Genius Sports Limited operate in and around the entertainment, casino and gaming space. Caesars is a bit more well-known and discussed in brief below. Genius is not as well-known but possesses a bright future as a fast-growing company that has become a critical cog in the sports betting value chain. The company has exclusive data rights deals with many leagues including the English Premier League and the NFL (which owns an equity stake in the company) which afford the company the right to collect, synthesize and share pre-game and in-game data with their casino and sportsbook partners to generate betting lines. A more in-depth memo has been attached for existing investors.”

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