OneDigital Investment Advisors LLC acquired a new position in shares of Genius Sports Limited (NYSE:GENI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 56,080 shares of the company's stock, valued at approximately $485,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GENI. D.A. Davidson & CO. increased 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 in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Genius Sports by 39.2% during 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. Envestnet Asset Management Inc. increased its holdings in shares of Genius Sports by 27.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock worth $143,000 after buying an additional 3,548 shares in the last quarter. Arete Wealth Advisors LLC raised its stake 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 valued at $163,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake 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 valued at $206,000 after acquiring an additional 4,321 shares during the last quarter. 81.91% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on GENI shares. Benchmark reaffirmed a "buy" rating and set a $12.00 price target on shares of Genius Sports in a report on Thursday. Guggenheim began coverage on Genius Sports in a report on Tuesday, March 18th. They set a "buy" rating and a $12.00 target price on the stock. Needham & Company LLC set a $13.00 price target on Genius Sports in a report on Wednesday, March 5th. Citizens Jmp downgraded shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, Lake Street Capital raised their price objective on shares of Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.21.
View Our Latest Report on GENI
Genius Sports Trading Down 4.5 %
Shares of GENI traded down $0.46 on Monday, reaching $9.87. 2,004,664 shares of the company's stock were exchanged, compared to its average volume of 2,655,238. The business has a 50 day moving average price of $9.60 and a two-hundred day moving average price of $8.95. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $11.16. The stock has a market capitalization of $2.12 billion, a P/E ratio of -30.84 and a beta of 1.98.
Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly 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 company had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Equities research analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.
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.
Recommended Stories
Before you consider Genius Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genius Sports wasn't on the list.
While Genius Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
