Samjo Management LLC Has $25.80 Million Stock Holdings in Genius Sports Limited (NYSE:GENI)

Samjo Management LLC trimmed its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 16.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,982,950 shares of the company's stock after selling 566,850 shares during the quarter. Genius Sports makes up about 9.7% of Samjo Management LLC's investment portfolio, making the stock its 3rd largest holding. Samjo Management LLC owned about 1.39% of Genius Sports worth $25,803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GENI. Wellington Management Group LLP raised its stake in Genius Sports by 2.9% during the 3rd quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company's stock valued at $65,013,000 after acquiring an additional 230,209 shares in the last quarter. FMR LLC grew its position in Genius Sports by 53.2% in the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company's stock valued at $56,604,000 after buying an additional 2,507,165 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Genius Sports during the 4th quarter valued at about $15,553,000. JPMorgan Chase & Co. raised its position in shares of Genius Sports by 138.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company's stock worth $14,264,000 after buying an additional 957,559 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Genius Sports in the 4th quarter worth approximately $12,332,000. Institutional investors and hedge funds own 81.91% of the company's stock.

Genius Sports Price Performance

Shares of GENI traded up $0.01 on Thursday, reaching $9.59. 1,417,396 shares of the stock traded hands, compared to its average volume of 2,623,446. The stock's 50-day moving average price is $9.47 and its 200-day moving average price is $8.82. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -29.70 and a beta of 1.98. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $11.16.

Remove Ads

Genius Sports (NYSE:GENI - Get Free Report) last issued 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 analyst estimates 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 last year, the firm posted ($0.10) earnings per share. As a group, equities research analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on GENI shares. Needham & Company LLC set a $13.00 target price on Genius Sports in a report on Wednesday, March 5th. Citizens Jmp cut shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. The Goldman Sachs Group upped their price target on shares of Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Guggenheim began coverage on Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price target for the company. Finally, JMP Securities reissued a "market outperform" rating and set a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.23.

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.