JPMorgan Chase & Co. Increases Position in Genius Sports Limited (NYSE:GENI)

JPMorgan Chase & Co. raised its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 2,765,692.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 691,448 shares of the company's stock after purchasing an additional 691,423 shares during the period. JPMorgan Chase & Co. owned 0.30% of Genius Sports worth $5,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in shares of Genius Sports during the third quarter worth $78,000. Arkadios Wealth Advisors purchased a new position in Genius Sports during the 3rd quarter worth $79,000. Captrust Financial Advisors acquired a new position in Genius Sports during the 3rd quarter valued at about $84,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Genius Sports in the second quarter valued at about $67,000. Finally, Fullcircle Wealth LLC acquired a new stake in Genius Sports in the third quarter worth about $118,000. Hedge funds and other institutional investors own 81.91% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on GENI. Benchmark upped their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Citizens Jmp lowered shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a report on Thursday, November 14th. 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. Finally, Citigroup upped their target price on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.28.

Genius Sports Trading Down 0.5 %

Shares of NYSE GENI traded down $0.05 during trading on Friday, reaching $8.72. 2,961,757 shares of the company traded hands, compared to its average volume of 3,059,596. The stock has a market cap of $2.00 billion, a P/E ratio of -27.23 and a beta of 2.15. The firm's fifty day simple moving average is $9.09 and its 200 day simple moving average is $7.75. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $10.33.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company had revenue of $120.20 million during the quarter, compared to analysts' expectations of $118.94 million. During the same period last year, the business earned ($0.06) earnings per share. Genius Sports's quarterly revenue was up 18.2% on a year-over-year basis. As a group, research analysts expect that Genius Sports Limited will post -0.16 EPS for the current year.

Genius Sports Company 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.