Oppenheimer & Co. Inc. trimmed its holdings in Genius Sports Limited (NYSE:GENI - Free Report) by 79.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,891 shares of the company's stock after selling 52,994 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Genius Sports were worth $120,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its position in Genius Sports by 2.9% during the 3rd quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company's stock valued at $65,013,000 after purchasing an additional 230,209 shares in the last quarter. Senvest Management LLC grew its holdings in Genius Sports by 12.2% during the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company's stock worth $59,167,000 after acquiring an additional 819,385 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Genius Sports by 10.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company's stock valued at $58,959,000 after purchasing an additional 691,539 shares during the period. FMR LLC raised its holdings in shares of Genius Sports by 53.2% in the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company's stock valued at $56,604,000 after purchasing an additional 2,507,165 shares in the last quarter. Finally, Portolan Capital Management LLC increased its holdings in Genius Sports by 9.4% during the third quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company's stock valued at $24,860,000 after buying an additional 272,545 shares during the period. 81.91% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on GENI. The Goldman Sachs Group increased 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. JMP Securities reiterated a "market outperform" rating and issued a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research report on Tuesday, March 4th. Lake Street Capital increased their target price 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. Finally, Citigroup lifted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.25.
Read Our Latest Report on Genius Sports
Genius Sports Price Performance
GENI traded down $0.24 on Thursday, reaching $9.17. 1,998,579 shares of the stock were exchanged, compared to its average volume of 2,437,734. The company's 50-day moving average price is $9.06 and its 200 day moving average price is $8.49. The firm has a market capitalization of $1.97 billion, a PE ratio of -28.64 and a beta of 2.14. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $10.33.
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 analysts' consensus estimates of $0.04 by ($0.16). The business had revenue of $175.53 million for the quarter, compared to analysts' expectations 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 period in the prior year, the business posted ($0.10) earnings per share. As a group, equities analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.
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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