Peak6 LLC Makes New Investment in Genius Sports Limited (NYSE:GENI)

PEAK6 LLC purchased a new stake in Genius Sports Limited (NYSE:GENI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 360,591 shares of the company's stock, valued at approximately $3,119,000. PEAK6 LLC owned about 0.17% of Genius Sports at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GENI. Steward Partners Investment Advisory LLC increased its position in 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 bought a new stake in Genius Sports in the 4th quarter valued at about $136,000. Envestnet Asset Management Inc. lifted its holdings in Genius Sports by 27.2% during 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 during the last quarter. Aigen Investment Management LP purchased a new position in shares of Genius Sports in the fourth quarter worth about $163,000. Finally, Arete Wealth Advisors LLC raised its position 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 purchasing an additional 4,300 shares during the period. 81.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GENI shares. Citizens Jmp lowered Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Guggenheim assumed coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating and a $12.00 price objective for the company. Craig Hallum set a $15.00 price target on shares of Genius Sports in a report on Tuesday, March 4th. The Goldman Sachs Group upped their price target on shares of Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Genius Sports in a research report on Monday. They set a "buy" rating and a $12.00 target price for the company. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.21.

Genius Sports Stock Down 4.5 %

Genius Sports stock traded down $0.46 during midday trading on Monday, reaching $9.87. 2,004,664 shares of the stock traded hands, compared to its average volume of 2,655,238. The stock's fifty day moving average is $9.60 and its 200-day moving average is $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 cap 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 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). 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 for the quarter, compared to analysts' expectations of $175.52 million. During the same quarter last year, the company earned ($0.10) earnings per share. On average, equities analysts predict that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Genius Sports 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.