Wilson Asset Management International PTY Ltd. Increases Holdings in Genius Sports Limited (NYSE:GENI)

Wilson Asset Management International PTY Ltd. raised its position in Genius Sports Limited (NYSE:GENI - Free Report) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 840,394 shares of the company's stock after purchasing an additional 85,638 shares during the quarter. Genius Sports accounts for approximately 1.9% of Wilson Asset Management International PTY Ltd.'s holdings, making the stock its 25th biggest holding. Wilson Asset Management International PTY Ltd. owned approximately 0.39% of Genius Sports worth $7,269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in Genius Sports by 66.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 37,430 shares of the company's stock worth $324,000 after purchasing an additional 14,965 shares during the period. Raymond James Financial Inc. purchased a new stake in Genius Sports in the 4th quarter worth about $12,332,000. Aigen Investment Management LP purchased a new position in shares of Genius Sports during the fourth quarter worth approximately $163,000. M&T Bank Corp increased its position in shares of Genius Sports by 20.4% during the fourth quarter. M&T Bank Corp now owns 164,437 shares of the company's stock worth $1,422,000 after acquiring an additional 27,901 shares during the period. Finally, Cookson Peirce & Co. Inc. increased its position in shares of Genius Sports by 2.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 308,553 shares of the company's stock worth $2,669,000 after acquiring an additional 8,678 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Up 2.1 %

Shares of GENI opened at $9.42 on Wednesday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -29.42 and a beta of 2.14. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $10.33. The company has a 50 day moving average of $9.05 and a two-hundred day moving average of $8.49.

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Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $175.52 million. During the same quarter last year, the business earned ($0.10) earnings per share. On average, sell-side analysts expect that Genius Sports Limited will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GENI. Oppenheimer raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Benchmark increased their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. B. Riley increased their price objective 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 13th. Lake Street Capital increased their price objective on shares of Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Genius Sports currently has an average rating of "Moderate Buy" and an average price target of $12.25.

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.

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