Trexquant Investment LP Purchases 609,009 Shares of Genius Sports Limited (NYSE:GENI)

Trexquant Investment LP lifted its holdings in Genius Sports Limited (NYSE:GENI - Free Report) by 536.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 722,560 shares of the company's stock after purchasing an additional 609,009 shares during the period. Trexquant Investment LP owned 0.34% of Genius Sports worth $6,250,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rock Creek Group LP raised its stake in Genius Sports by 11.1% during 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. Loomis Sayles & Co. L P acquired a new stake in shares of Genius Sports in the 4th quarter valued at approximately $15,553,000. JPMorgan Chase & Co. lifted its holdings in Genius Sports by 138.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company's stock valued at $14,264,000 after purchasing an additional 957,559 shares during the last quarter. Emerald Advisers LLC acquired a new stake in Genius Sports during the fourth quarter worth approximately $198,000. Finally, Sei Investments Co. grew its stake in shares of Genius Sports by 18.5% in the fourth quarter. Sei Investments Co. now owns 338,187 shares of the company's stock valued at $2,925,000 after acquiring an additional 52,881 shares in the last quarter. Institutional investors own 81.91% of the company's stock.

Genius Sports Stock Performance

GENI stock traded down $0.25 on Thursday, reaching $9.34. The company's stock had a trading volume of 898,528 shares, compared to its average volume of 3,223,165. The business has a fifty day simple moving average of $9.47 and a two-hundred day simple moving average of $8.82. The firm has a market cap of $2.01 billion, a PE ratio of -29.17 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.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). The company had revenue of $175.53 million during the quarter, compared to analysts' expectations of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter last year, the business earned ($0.10) earnings per share. As a group, research analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GENI. The Goldman Sachs Group increased their target price 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. Lake Street Capital upped their price objective 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. Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a report on Wednesday, March 5th. B. Riley assumed coverage on Genius Sports in a report on Tuesday, March 18th. They set a "buy" rating on the stock. Finally, Craig Hallum set a $15.00 target price on shares of Genius Sports in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.23.

Genius Sports Company 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.