EAM Global Investors LLC Acquires New Position in Genius Sports Limited (NYSE:GENI)

EAM Global Investors LLC bought a new position in Genius Sports Limited (NYSE:GENI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 285,302 shares of the company's stock, valued at approximately $2,468,000. EAM Global Investors LLC owned approximately 0.13% of Genius Sports at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GENI. Loomis Sayles & Co. L P purchased a new position in shares of Genius Sports during the fourth quarter valued at about $15,553,000. Raymond James Financial Inc. purchased a new position in shares of Genius Sports in the 4th quarter valued at approximately $12,332,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Genius Sports during the fourth quarter valued at approximately $11,292,000. Nixon Capital LLC purchased a new stake in Genius Sports in the fourth quarter worth $8,463,000. Finally, JPMorgan Chase & Co. raised its holdings in Genius Sports by 138.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company's stock worth $14,264,000 after purchasing an additional 957,559 shares in the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Trading Down 4.4 %

GENI traded down $0.45 during trading hours on Monday, hitting $9.88. The company's stock had a trading volume of 704,371 shares, compared to its average volume of 2,650,168. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $11.16. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -30.88 and a beta of 1.98. The business's 50-day moving average price is $9.59 and its 200-day moving average price is $8.93.

Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). The business had revenue of $175.53 million for the quarter, compared to analysts' expectations of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter last year, the firm earned ($0.10) earnings per share. On average, analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on GENI. The Goldman Sachs Group boosted their target price on Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Citizens Jmp lowered shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Craig Hallum set a $15.00 target price on shares of Genius Sports in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genius Sports in a report on Monday. They issued a "buy" rating and a $12.00 price objective for the company. Finally, Needham & Company LLC set a $13.00 target price on Genius Sports in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.21.

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.