Nixon Capital LLC bought a new position in shares of Genius Sports Limited (NYSE:GENI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 973,862 shares of the company's stock, valued at approximately $8,463,000. Genius Sports makes up approximately 2.7% of Nixon Capital LLC's investment portfolio, making the stock its 19th largest position. Nixon Capital LLC owned about 0.45% of Genius Sports at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of Genius Sports during the 4th quarter worth approximately $253,000. Russell Investments Group Ltd. bought a new position in Genius Sports in the fourth quarter valued at $3,476,000. Envestnet Asset Management Inc. grew its position in Genius Sports by 27.2% in 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 increased its stake in Genius Sports by 29.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 18,900 shares of the company's stock valued at $163,000 after buying an additional 4,300 shares during the last quarter. Finally, Trexquant Investment LP lifted its position in Genius Sports by 536.3% during the 4th quarter. Trexquant Investment LP now owns 722,560 shares of the company's stock worth $6,250,000 after buying an additional 609,009 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.
Genius Sports Stock Performance
Shares of GENI stock traded up $0.07 during midday trading on Friday, hitting $9.56. 2,346,415 shares of the company were exchanged, compared to its average volume of 2,634,064. The firm has a market capitalization of $2.06 billion, a P/E ratio of -29.87 and a beta of 1.98. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $11.16. The firm's 50 day moving average price is $9.49 and its two-hundred day moving average price is $8.84.
Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The firm had revenue of $175.53 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned ($0.10) EPS. Analysts expect that Genius Sports Limited will post -0.1 EPS for the current year.
Analysts Set New Price Targets
GENI has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Genius Sports from $11.00 to $12.50 and gave the company 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. Lake Street Capital upped their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and issued a $11.00 target price on shares of Genius Sports in a research note on Monday, January 27th. Finally, B. Riley began coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating on the stock. 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.23.
Read Our Latest Research Report on GENI
Genius Sports Company Profile
(
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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