Loomis Sayles & Co. L P Invests $15.55 Million in Genius Sports Limited (NYSE:GENI)

Loomis Sayles & Co. L P acquired a new position in Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,798,006 shares of the company's stock, valued at approximately $15,553,000. Loomis Sayles & Co. L P owned about 0.84% of Genius Sports at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GENI. JPMorgan Chase & Co. grew its position in Genius Sports by 138.5% during the fourth 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. Emerald Advisers LLC bought a new stake in shares of Genius Sports during the fourth quarter valued at approximately $198,000. Sei Investments Co. boosted its stake in Genius Sports by 18.5% during the fourth quarter. Sei Investments Co. now owns 338,187 shares of the company's stock worth $2,925,000 after buying an additional 52,881 shares in the last quarter. Quantbot Technologies LP bought a new stake in Genius Sports in the 4th quarter valued at $253,000. Finally, Wilson Asset Management International PTY Ltd. lifted its holdings in shares of Genius Sports by 11.3% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 840,394 shares of the company's stock worth $7,269,000 after acquiring an additional 85,638 shares during the period. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Price Performance

GENI traded down $0.01 during trading on Wednesday, reaching $10.03. The company had a trading volume of 1,060,161 shares, compared to its average volume of 2,594,969. The company has a market cap of $2.16 billion, a P/E ratio of -31.48 and a beta of 2.14. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $11.16. The business's fifty day moving average price is $9.41 and its 200 day moving average price is $8.75.

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Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly 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). Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business had revenue of $175.53 million for the quarter, compared to the consensus estimate of $175.52 million. During the same period in the prior year, the business earned ($0.10) earnings per share. As a group, sell-side analysts predict that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on GENI shares. Guggenheim assumed coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating and a $12.00 price target for the company. Needham & Company LLC set a $13.00 price target on Genius Sports in a research report on Wednesday, March 5th. Benchmark lifted their price objective on Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating 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 research report on Monday, January 6th. Finally, Craig Hallum set a $15.00 price target on Genius Sports in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.23.

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.