1,425,633 Shares in Genius Sports Limited (NYSE:GENI) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of 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 bought 1,425,633 shares of the company's stock, valued at approximately $12,332,000. Raymond James Financial Inc. owned approximately 0.66% of Genius Sports as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Captrust Financial Advisors acquired a new position in Genius Sports during the 3rd quarter worth approximately $84,000. Walleye Trading LLC boosted its position in Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock worth $95,000 after acquiring an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after acquiring an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in Genius Sports during the 4th quarter worth approximately $136,000. Finally, Canton Hathaway LLC acquired a new position in Genius Sports during the 3rd quarter worth approximately $161,000. 81.91% of the stock is owned by institutional investors.

Genius Sports Trading Up 3.1 %

GENI stock traded up $0.31 during trading hours on Friday, hitting $10.36. 6,288,805 shares of the stock were exchanged, compared to its average volume of 2,536,321. The firm 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 $9.17 and a two-hundred day simple moving average of $8.59. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $10.44.

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Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 previous year, the business earned ($0.10) EPS. On average, equities research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GENI has been the subject of a number of recent research reports. Benchmark upped their price target on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. JMP Securities reissued a "market outperform" rating and issued a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. Craig Hallum set a $15.00 price objective on Genius Sports in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group increased their price objective on Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.23.

About Genius Sports

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.