JPMorgan Chase & Co. Boosts Stake in Genius Sports Limited (NYSE:GENI)

JPMorgan Chase & Co. raised its holdings in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 138.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,649,007 shares of the company's stock after buying an additional 957,559 shares during the period. JPMorgan Chase & Co. owned about 0.77% of Genius Sports worth $14,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GENI. Raymond James Financial Inc. bought a new position in Genius Sports in the 4th quarter worth about $12,332,000. Allspring Global Investments Holdings LLC bought a new stake in Genius Sports during the 4th quarter valued at $11,292,000. Wilson Asset Management International PTY Ltd. lifted its holdings in shares of Genius Sports by 11.3% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 840,394 shares of the company's stock worth $7,269,000 after buying an additional 85,638 shares during the period. Moody National Bank Trust Division increased its stake in shares of Genius Sports by 1.5% during the fourth quarter. Moody National Bank Trust Division now owns 520,214 shares of the company's stock valued at $4,500,000 after buying an additional 7,674 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Genius Sports by 56.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company's stock valued at $4,250,000 after acquiring an additional 176,845 shares in the last quarter. Institutional investors own 81.91% of the company's stock.

Wall Street Analyst Weigh In

GENI has been the subject of several recent research reports. Benchmark restated a "buy" rating and issued a $12.00 price target on shares of Genius Sports in a report on Thursday. JMP Securities reissued a "market outperform" rating and issued a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th. Lake Street Capital raised their price objective on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. B. Riley started coverage on shares of Genius Sports in a report on Tuesday, March 18th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group raised their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.23.

Genius Sports Stock Up 0.6 %

Shares of NYSE:GENI traded up $0.07 during trading on Thursday, hitting $10.29. The stock had a trading volume of 584,578 shares, compared to its average volume of 2,636,162. The stock has a 50-day simple moving average of $9.54 and a two-hundred day simple moving average of $8.87. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -32.05 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.

Genius Sports (NYSE:GENI - Get Free Report) last issued its earnings results 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). 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 period last year, the business earned ($0.10) EPS. As a group, sell-side analysts forecast that Genius Sports Limited will post -0.1 earnings per share 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.