Nikko Asset Management Americas Inc. cut its holdings in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,733,342 shares of the company's stock after selling 944,357 shares during the period. Nikko Asset Management Americas Inc. owned approximately 2.66% of Genius Sports worth $49,593,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Perigon Wealth Management LLC acquired a new position in Genius Sports during the fourth quarter worth $136,000. D.A. Davidson & CO. raised 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 worth $464,000 after purchasing an additional 1,396 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Genius Sports in the 3rd quarter valued at about $532,000. Allspring Global Investments Holdings LLC acquired a new stake in Genius Sports in the 4th quarter worth about $11,292,000. Finally, Raymond James Financial Inc. purchased a new stake in Genius Sports during the 4th quarter worth approximately $12,332,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.
Genius Sports Stock Performance
Shares of NYSE GENI traded up $0.31 during midday trading on Friday, reaching $10.36. 6,288,805 shares of the stock were exchanged, compared to its average volume of 2,530,544. The stock has a market capitalization of $2.23 billion, a P/E ratio of -32.38 and a beta of 2.14. The company has a 50 day simple moving average of $9.14 and a 200 day simple moving average of $8.56. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $10.43.
Genius Sports (NYSE:GENI - Get Free Report) last posted 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). 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 analyst estimates of $175.52 million. During the same period last year, the business earned ($0.10) EPS. On average, research analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on GENI shares. Citigroup lifted their price target on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Needham & Company LLC set a $13.00 target price on shares of Genius Sports in a research note on Wednesday, March 5th. Craig Hallum set a $15.00 target price on shares of Genius Sports in a report on Tuesday, March 4th. 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. Finally, Citizens Jmp cut shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.23.
Read Our Latest Research Report on GENI
About Genius Sports
(
Free Report)
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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