Genius Sports Limited (NYSE:GENI) Shares Bought by M&T Bank Corp

M&T Bank Corp lifted its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,437 shares of the company's stock after buying an additional 27,901 shares during the quarter. M&T Bank Corp owned approximately 0.08% of Genius Sports worth $1,422,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors purchased a new stake in shares of Genius Sports in the third quarter worth about $84,000. Walleye Trading LLC boosted its stake in shares of Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock worth $95,000 after buying an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after buying an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in Genius Sports during the fourth quarter worth approximately $136,000. Finally, Canton Hathaway LLC purchased a new position in Genius Sports during the third quarter worth approximately $161,000. Hedge funds and other institutional investors own 81.91% of the company's stock.

Genius Sports Stock Up 2.1 %

Shares of NYSE GENI traded up $0.20 during midday trading on Tuesday, hitting $9.42. The stock had a trading volume of 3,255,181 shares, compared to its average volume of 2,443,113. The company has a market capitalization of $2.03 billion, a PE ratio of -29.42 and a beta of 2.14. The stock has a 50 day simple moving average of $9.05 and a 200-day simple moving average of $8.49. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $10.33.

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Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) 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 company had revenue of $175.53 million during the quarter, compared to analyst estimates of $175.52 million. During the same period in the prior year, the business posted ($0.10) EPS. As a group, analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GENI. Macquarie increased their price target on Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Citigroup increased their price target on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Benchmark increased their price target on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Needham & Company LLC set a $13.00 price target on Genius Sports in a research report on Wednesday, March 5th. Finally, B. Riley increased their price target on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Genius Sports has an average rating of "Moderate Buy" and an average price target of $12.25.

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.