Sei Investments Co. Buys 52,881 Shares of Genius Sports Limited (NYSE:GENI)

Sei Investments Co. increased its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 338,187 shares of the company's stock after purchasing an additional 52,881 shares during the quarter. Sei Investments Co. owned approximately 0.16% of Genius Sports worth $2,925,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Genius Sports by 53.2% in 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 period. Raymond James Financial Inc. acquired a new stake in shares of Genius Sports in the fourth quarter valued at about $12,332,000. Allspring Global Investments Holdings LLC bought a new position in shares of Genius Sports in the fourth quarter worth about $11,292,000. JPMorgan Chase & Co. lifted its position in shares of Genius Sports by 2,765,692.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock worth $5,421,000 after purchasing an additional 691,423 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Genius Sports by 2.9% during the 3rd 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. Institutional investors own 81.91% of the company's stock.

Genius Sports Stock Performance

Shares of NYSE GENI traded up $0.93 during midday trading on Wednesday, reaching $9.60. 3,267,989 shares of the company traded hands, compared to its average volume of 2,627,942. The firm has a market cap of $2.07 billion, a PE ratio of -29.98 and a beta of 1.98. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $11.16. The stock's 50-day simple moving average is $9.47 and its 200-day simple moving average is $8.82.

Genius Sports (NYSE:GENI - Get Free Report) last posted its 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). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter last year, the firm posted ($0.10) EPS. On average, equities research analysts expect that Genius Sports Limited will post -0.1 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Benchmark lifted 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. Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a report on Wednesday, March 5th. Citizens Jmp lowered shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. The Goldman Sachs Group upped their price objective on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Guggenheim started coverage on Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently 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.