Russell Investments Group Ltd. Makes New $3.48 Million Investment in Genius Sports Limited (NYSE:GENI)

Russell Investments Group Ltd. purchased a new stake 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 & Exchange Commission. The institutional investor purchased 401,863 shares of the company's stock, valued at approximately $3,476,000. Russell Investments Group Ltd. owned about 0.19% of Genius Sports at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock worth $143,000 after purchasing an additional 3,548 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in Genius Sports by 29.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 18,900 shares of the company's stock valued at $163,000 after acquiring an additional 4,300 shares during the last quarter. Trexquant Investment LP boosted its stake in Genius Sports by 536.3% in the fourth quarter. Trexquant Investment LP now owns 722,560 shares of the company's stock valued at $6,250,000 after acquiring an additional 609,009 shares in the last quarter. Rock Creek Group LP boosted its holdings in Genius Sports by 11.1% in the fourth quarter. Rock Creek Group LP now owns 250,000 shares of the company's stock worth $2,162,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in Genius Sports in the 4th quarter worth approximately $15,553,000. Institutional investors own 81.91% of the company's stock.

Analyst Ratings Changes

GENI has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports in a research note on Monday. They set a "buy" rating and a $12.00 price objective for the company. Needham & Company LLC set a $13.00 price target on Genius Sports in a research report on Wednesday, March 5th. Guggenheim started coverage on Genius Sports in a report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price objective on the stock. B. Riley assumed coverage on Genius Sports in a report on Tuesday, March 18th. They set a "buy" rating for the company. Finally, Lake Street Capital increased their price target on shares of Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Genius Sports presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

Genius Sports Price Performance

NYSE GENI traded up $0.41 during trading hours on Tuesday, reaching $10.28. The company's stock had a trading volume of 3,674,057 shares, compared to its average volume of 2,663,982. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -32.11 and a beta of 1.98. The company's 50-day moving average is $9.61 and its two-hundred day moving average is $8.96. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $11.16.

Genius Sports (NYSE:GENI - Get Free Report) last released 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 company 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 period in the prior year, the business posted ($0.10) EPS. Equities analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

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.