Barclays PLC Trims Stake in Genius Sports Limited (NYSE:GENI)

Barclays PLC trimmed its position in Genius Sports Limited (NYSE:GENI - Free Report) by 23.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 383,300 shares of the company's stock after selling 115,331 shares during the period. Barclays PLC owned 0.17% of Genius Sports worth $3,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GENI. Y Intercept Hong Kong Ltd bought a new position in shares of Genius Sports during the third quarter valued at approximately $299,000. Main Management ETF Advisors LLC bought a new position in Genius Sports during the 3rd quarter valued at approximately $1,010,000. XTX Topco Ltd raised its stake in Genius Sports by 221.0% during the third quarter. XTX Topco Ltd now owns 70,535 shares of the company's stock valued at $553,000 after buying an additional 48,563 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Genius Sports by 2.9% in the third quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company's stock worth $65,013,000 after acquiring an additional 230,209 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Genius Sports by 237.8% in the third quarter. State Street Corp now owns 135,859 shares of the company's stock worth $1,065,000 after acquiring an additional 95,642 shares during the last quarter. Institutional investors own 81.91% of the company's stock.

Genius Sports Price Performance

Shares of Genius Sports stock traded down $0.04 during trading on Tuesday, reaching $8.72. 711,841 shares of the stock traded hands, compared to its average volume of 2,395,655. The business has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $7.34. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $10.33. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -27.25 and a beta of 2.12.

Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. During the same period last year, the firm posted ($0.06) earnings per share. Genius Sports's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts predict that Genius Sports Limited will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GENI has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Benchmark increased their price objective on Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Oppenheimer boosted 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. B. Riley raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Macquarie boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $10.72.

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.