ArrowMark Colorado Holdings LLC Has $10.30 Million Holdings in Genius Sports Limited (NYSE:GENI)

ArrowMark Colorado Holdings LLC grew its stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 29.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,313,621 shares of the company's stock after purchasing an additional 295,683 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.57% of Genius Sports worth $10,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC raised its holdings in Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company's stock worth $56,604,000 after buying an additional 2,507,165 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Genius Sports during the second quarter valued at approximately $11,233,000. Massachusetts Financial Services Co. MA lifted its position in shares of Genius Sports by 28.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company's stock valued at $37,217,000 after acquiring an additional 1,502,958 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Genius Sports in the 2nd quarter valued at approximately $6,575,000. Finally, Rice Hall James & Associates LLC acquired a new position in Genius Sports in the 2nd quarter worth approximately $5,521,000. Institutional investors and hedge funds own 81.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GENI shares. Macquarie raised their target price 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 boosted their price objective 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. Citigroup increased their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. B. Riley upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group increased their price objective on Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a report on Thursday, November 14th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $10.72.

Genius Sports Price Performance

Genius Sports stock traded down $0.05 on Tuesday, reaching $9.70. The company's stock had a trading volume of 1,660,609 shares, compared to its average volume of 2,401,750. The business's fifty day moving average price is $8.00 and its 200 day moving average price is $6.89. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $10.15.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. Equities research analysts forecast that Genius Sports Limited will post -0.16 earnings per share for the current fiscal year.

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.