Cooper Creek Partners Management LLC Sells 2,614,568 Shares of Genius Sports Limited (NYSE:GENI)

Cooper Creek Partners Management LLC lessened its holdings in Genius Sports Limited (NYSE:GENI - Free Report) by 21.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,699,898 shares of the company's stock after selling 2,614,568 shares during the period. Genius Sports accounts for approximately 2.6% of Cooper Creek Partners Management LLC's portfolio, making the stock its 12th largest holding. Cooper Creek Partners Management LLC owned approximately 4.51% of Genius Sports worth $83,904,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GENI. Captrust Financial Advisors bought a new position in shares of Genius Sports in the third quarter worth approximately $84,000. Steward Partners Investment Advisory LLC grew its holdings in Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after acquiring an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC bought a new position in shares of Genius Sports during the fourth quarter valued at about $136,000. Envestnet Asset Management Inc. boosted its holdings in shares of Genius Sports by 27.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock worth $143,000 after purchasing an additional 3,548 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of Genius Sports in the fourth quarter worth about $163,000. Institutional investors own 81.91% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on GENI shares. Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a report on Wednesday, March 5th. Benchmark restated a "buy" rating and issued a $12.00 price objective on shares of Genius Sports in a report on Thursday. Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Craig Hallum set a $15.00 target price on Genius Sports in a research note on Tuesday, March 4th. Finally, B. Riley began coverage on Genius Sports in a research note on Tuesday, March 18th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.23.

Genius Sports Price Performance

GENI stock traded up $0.13 during trading on Thursday, hitting $10.35. 3,469,757 shares of the stock traded hands, compared to its average volume of 2,647,339. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -32.33 and a beta of 1.98. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $11.16. The firm's 50 day moving average is $9.54 and its two-hundred day moving average is $8.87.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The firm had revenue of $175.53 million for the quarter, compared to analysts' expectations of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same quarter in the previous year, the company earned ($0.10) EPS. As a group, analysts anticipate that Genius Sports Limited will post -0.1 EPS 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.