Allspring Global Investments Holdings LLC Invests $11.29 Million in Genius Sports Limited (NYSE:GENI)

Allspring Global Investments Holdings LLC purchased a new stake in Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,328,508 shares of the company's stock, valued at approximately $11,292,000. Allspring Global Investments Holdings LLC owned about 0.58% of Genius Sports as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GENI. GSA Capital Partners LLP bought a new stake in shares of Genius Sports during the third quarter worth $532,000. Senvest Management LLC raised its position in Genius Sports by 12.2% in the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company's stock valued at $59,167,000 after purchasing an additional 819,385 shares during the last quarter. Millrace Asset Group Inc. acquired a new stake in shares of Genius Sports during the third quarter valued at about $1,897,000. JPMorgan Chase & Co. increased its stake in shares of Genius Sports by 2,765,692.0% in the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock valued at $5,421,000 after buying an additional 691,423 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Genius Sports by 56.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company's stock valued at $4,250,000 after buying an additional 176,845 shares during the period. Institutional investors and hedge funds own 81.91% of the company's stock.

Wall Street Analyst Weigh In

GENI has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $12.00 price target on shares of Genius Sports in a research note on Friday, January 17th. JMP Securities reiterated a "market outperform" rating and issued a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th. Macquarie raised their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Benchmark increased their target price on shares of Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, B. Riley raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Genius Sports presently has an average rating of "Moderate Buy" and an average target price of $11.28.

Genius Sports Price Performance

Shares of Genius Sports stock traded down $0.47 during trading on Friday, reaching $9.07. 2,068,472 shares of the company traded hands, compared to its average volume of 2,320,655. The firm has a market capitalization of $1.95 billion, a PE ratio of -28.33 and a beta of 2.15. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.33. The company has a 50 day moving average price of $9.00 and a 200-day moving average price of $8.32.

Genius Sports Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.