Senvest Management LLC Lowers Stake in Genius Sports Limited (NYSE:GENI)

Senvest Management LLC cut its stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,516,809 shares of the company's stock after selling 30,000 shares during the quarter. Genius Sports makes up approximately 2.0% of Senvest Management LLC's portfolio, making the stock its 15th biggest position. Senvest Management LLC owned 3.49% of Genius Sports worth $65,020,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GENI. Rockefeller Capital Management L.P. acquired a new stake in shares of Genius Sports during the 4th quarter worth about $1,834,000. Nixon Capital LLC purchased a new stake in shares of Genius Sports during the 4th quarter worth approximately $8,463,000. Renaissance Technologies LLC acquired a new position in shares of Genius Sports in the 4th quarter valued at $253,000. Russell Investments Group Ltd. purchased a new position in shares of Genius Sports in the 4th quarter valued at $3,476,000. Finally, Envestnet Asset Management Inc. raised its stake in Genius Sports by 27.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock worth $143,000 after acquiring an additional 3,548 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Trading Up 1.2 %

Shares of GENI stock traded up $0.13 during trading hours on Friday, hitting $10.35. The company's stock had a trading volume of 3,469,757 shares, compared to its average volume of 2,649,449. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $11.16. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -32.33 and a beta of 1.98. The business has a fifty day moving average of $9.57 and a 200-day moving average of $8.89.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $175.53 million for the quarter, compared to analysts' expectations of $175.52 million. During the same quarter last year, the firm earned ($0.10) earnings per share. On average, equities 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. Guggenheim initiated coverage on Genius Sports in a report on Tuesday, March 18th. They set a "buy" rating and a $12.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Craig Hallum set a $15.00 target price on Genius Sports in a research report on Tuesday, March 4th. Citizens Jmp cut Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.