Jump Financial LLC Acquires New Position in Genius Sports Limited (NYSE:GENI)

Jump Financial LLC bought a new stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 301,035 shares of the company's stock, valued at approximately $2,604,000. Jump Financial LLC owned approximately 0.14% of Genius Sports as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GENI. D.A. Davidson & CO. lifted its position in shares of Genius Sports by 2.7% during the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company's stock valued at $464,000 after buying an additional 1,396 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after acquiring an additional 3,429 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Genius Sports by 27.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock valued at $143,000 after purchasing an additional 3,548 shares in the last quarter. Arete Wealth Advisors LLC boosted its position 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 purchasing an additional 4,300 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Genius Sports by 22.2% in the fourth quarter. Victory Capital Management Inc. now owns 23,769 shares of the company's stock worth $206,000 after purchasing an additional 4,321 shares during the period. Institutional investors own 81.91% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citizens Jmp cut shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Guggenheim began coverage on Genius Sports in a research note on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price objective for the company. B. Riley initiated coverage on Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating on the stock. The Goldman Sachs Group upped their price target on Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports in a research report on Monday. They set a "buy" rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Genius Sports has an average rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Stock Performance

GENI stock traded up $0.55 during mid-day trading on Tuesday, reaching $10.42. 2,321,887 shares of the stock traded hands, compared to its average volume of 2,654,704. The business has a 50-day moving average price of $9.60 and a two-hundred day moving average price of $8.95. The stock has a market capitalization of $2.24 billion, a PE ratio of -32.58 and a beta of 1.98. Genius Sports Limited has a one year low of $4.91 and a one year high of $11.16.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The firm had revenue of $175.53 million during 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 company earned ($0.10) earnings per share. On average, equities analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current fiscal 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.