Sumitomo Mitsui Trust Group Inc. Lowers Stake in Genius Sports Limited (NYSE:GENI)

Sumitomo Mitsui Trust Group Inc. decreased its position in Genius Sports Limited (NYSE:GENI - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,733,342 shares of the company's stock after selling 944,357 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 2.50% of Genius Sports worth $49,593,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GENI. Sound Income Strategies LLC acquired a new position in Genius Sports in the third quarter valued at $78,000. Arkadios Wealth Advisors bought a new stake in Genius Sports in the third quarter valued at $79,000. Captrust Financial Advisors bought a new stake in Genius Sports in the third quarter valued at $84,000. Walleye Trading LLC increased its stake in Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock valued at $95,000 after purchasing an additional 29,555 shares in the last quarter. Finally, Fullcircle Wealth LLC bought a new stake in Genius Sports in the third quarter valued at $118,000. Institutional investors and hedge funds own 81.91% of the company's stock.

Genius Sports Trading Up 1.6 %

Shares of GENI stock traded up $0.16 during trading on Friday, reaching $9.85. 2,718,053 shares of the company's stock traded hands, compared to its average volume of 2,404,852. The company has a market capitalization of $2.12 billion, a P/E ratio of -30.77 and a beta of 2.15. The firm's 50-day moving average is $8.96 and its 200 day moving average is $8.21. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $10.33.

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

Analyst Ratings Changes

GENI has been the subject of several recent research reports. Benchmark boosted their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. Citizens Jmp cut shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Citigroup boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Macquarie boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research note 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 company's stock. Based on data from MarketBeat, Genius Sports has a consensus rating of "Moderate Buy" and a consensus target price of $11.28.

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.