Robertson Stephens Wealth Management LLC Increases Stock Position in Genius Sports Limited (NYSE:GENI)

Robertson Stephens Wealth Management LLC raised its stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,851 shares of the company's stock after purchasing an additional 64,955 shares during the period. Robertson Stephens Wealth Management LLC owned 0.09% of Genius Sports worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in Genius Sports by 2.9% during the third 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 during the period. Senvest Management LLC lifted its stake in shares of 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 worth $58,959,000 after acquiring an additional 691,539 shares during the last quarter. FMR LLC lifted its stake in shares of Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company's stock worth $56,604,000 after acquiring an additional 2,507,165 shares during the last quarter. Finally, Portolan Capital Management LLC lifted its stake in shares of Genius Sports by 9.4% during the 3rd quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company's stock worth $24,860,000 after acquiring an additional 272,545 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Trading Up 0.7 %

Shares of NYSE:GENI traded up $0.07 on Monday, reaching $9.15. The company had a trading volume of 619,420 shares, compared to its average volume of 2,471,735. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $10.33. The firm's 50 day simple moving average is $9.01 and its 200-day simple moving average is $8.13. The firm has a market capitalization of $1.97 billion, a PE ratio of -28.55 and a beta of 2.15.

Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. During the same period in the previous year, the business earned ($0.06) EPS. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GENI shares. Citizens Jmp lowered Genius Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $12.00 target price on shares of Genius Sports in a research report on Friday, January 17th. Oppenheimer lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on Genius Sports from $8.50 to $11.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Macquarie lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Genius Sports has an average rating of "Moderate Buy" and a consensus target price of $11.28.

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.