EAM Investors LLC Purchases Shares of 122,594 Genius Sports Limited (NYSE:GENI)

EAM Investors LLC acquired a new position in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 122,594 shares of the company's stock, valued at approximately $1,060,000. EAM Investors LLC owned approximately 0.06% of Genius Sports at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC increased 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 valued at $105,000 after buying an additional 3,429 shares during the period. Perigon Wealth Management LLC acquired a new position in Genius Sports in the fourth quarter worth about $136,000. Envestnet Asset Management Inc. lifted its stake in 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. Aigen Investment Management LP acquired a new stake in Genius Sports during the fourth quarter valued at approximately $163,000. Finally, Arete Wealth Advisors LLC grew its stake in shares of Genius Sports by 29.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 18,900 shares of the company's stock valued at $163,000 after purchasing an additional 4,300 shares during the period. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GENI has been the topic of several recent analyst reports. Needham & Company LLC set a $13.00 price target on Genius Sports in a research note on Wednesday, March 5th. BTIG Research lifted their price target on shares of Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a report on Tuesday. Benchmark reaffirmed a "buy" rating and set a $12.00 price objective on shares of Genius Sports in a research note on Thursday, April 17th. JMP Securities reissued a "market outperform" rating and issued a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. Finally, The Goldman Sachs Group raised their price target on Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Price Performance

Shares of GENI traded up $0.59 during midday trading on Tuesday, hitting $10.46. The stock had a trading volume of 755,026 shares, compared to its average volume of 3,206,300. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -32.67 and a beta of 1.98. The company has a 50 day simple moving average of $9.60 and a two-hundred day simple moving average of $8.95. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $11.16.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate 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 firm posted ($0.10) EPS. Analysts forecast 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.