Gerber Kawasaki Wealth & Investment Management Acquires New Position in Genius Sports Limited (NYSE:GENI)

Gerber Kawasaki Wealth & Investment Management acquired a new stake in Genius Sports Limited (NYSE:GENI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,880 shares of the company's stock, valued at approximately $449,000.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its position in shares of Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after purchasing an additional 3,429 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Genius Sports during the fourth quarter worth about $136,000. Envestnet Asset Management Inc. grew its stake in Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock valued at $143,000 after acquiring an additional 3,548 shares during the period. Aigen Investment Management LP acquired a new position in Genius Sports in the fourth quarter valued at about $163,000. Finally, Arete Wealth Advisors LLC increased its holdings in shares of Genius Sports by 29.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 18,900 shares of the company's stock worth $163,000 after acquiring an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on GENI shares. Lake Street Capital boosted their price objective on shares of Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Craig Hallum set a $15.00 price objective on Genius Sports in a research report on Tuesday, March 4th. Needham & Company LLC set a $13.00 price objective on Genius Sports in a report on Wednesday, March 5th. Citizens Jmp cut Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group raised 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. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.19.

Genius Sports Stock Performance

Shares of GENI stock opened at $10.80 on Friday. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $11.16. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -33.75 and a beta of 1.98. The firm's 50-day moving average is $9.66 and its 200-day moving average is $9.03.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter in the prior year, the company earned ($0.10) EPS. Sell-side analysts predict 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.

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