Rock Creek Group LP Purchases 25,000 Shares of Genius Sports Limited (NYSE:GENI)

Rock Creek Group LP raised its holdings in Genius Sports Limited (NYSE:GENI - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,000 shares of the company's stock after purchasing an additional 25,000 shares during the period. Genius Sports comprises approximately 0.2% of Rock Creek Group LP's holdings, making the stock its 26th largest holding. Rock Creek Group LP owned about 0.12% of Genius Sports worth $2,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. D.A. Davidson & CO. increased its position in Genius Sports by 2.7% in the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company's stock worth $464,000 after buying an additional 1,396 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after purchasing an additional 3,429 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Genius Sports by 22.2% in the 4th quarter. Victory Capital Management Inc. now owns 23,769 shares of the company's stock worth $206,000 after purchasing an additional 4,321 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Genius Sports by 26.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,535 shares of the company's stock worth $204,000 after purchasing an additional 4,873 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in Genius Sports by 1.5% during the fourth quarter. Moody National Bank Trust Division now owns 520,214 shares of the company's stock valued at $4,500,000 after purchasing an additional 7,674 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

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Genius Sports Stock Performance

Shares of GENI stock traded down $0.77 during trading hours on Thursday, hitting $9.47. The company had a trading volume of 2,119,272 shares, compared to its average volume of 3,192,011. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $11.16. The firm's fifty day moving average is $9.44 and its 200 day moving average is $8.76. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -29.59 and a beta of 2.14.

Genius Sports (NYSE:GENI - Get Free Report) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). The firm had revenue of $175.53 million during the quarter, compared to analyst estimates of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same quarter in the prior year, the firm posted ($0.10) EPS. On average, sell-side analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

GENI has been the topic of several research reports. Citizens Jmp cut 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 report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 target price on the stock. Lake Street Capital upped their target price on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. B. Riley initiated coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating on the stock. Finally, Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Genius Sports currently has an average rating of "Moderate Buy" and an average price target of $12.23.

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.