Aquatic Capital Management LLC Buys New Shares in Genius Sports Limited (NYSE:GENI)

Aquatic Capital Management LLC purchased a new stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,317 shares of the company's stock, valued at approximately $556,000.

Several other large investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in shares of Genius Sports during the fourth quarter valued at approximately $15,553,000. Capital Research Global Investors raised its stake in shares of Genius Sports by 14.2% in the 4th quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock valued at $112,038,000 after buying an additional 1,610,078 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Genius Sports during the 4th quarter worth about $12,332,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Genius Sports during the 4th quarter valued at about $11,292,000. Finally, Voss Capital LP increased its stake in Genius Sports by 16.7% in the fourth quarter. Voss Capital LP now owns 7,923,432 shares of the company's stock valued at $68,538,000 after acquiring an additional 1,134,029 shares during the period. Institutional investors and hedge funds own 81.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GENI shares. Deutsche Bank Aktiengesellschaft initiated coverage on Genius Sports in a report on Monday, April 21st. They set a "buy" rating and a $12.00 price objective on the stock. Lake Street Capital upped their price target on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Guggenheim initiated coverage on Genius Sports in a report on Tuesday, March 18th. They set a "buy" rating and a $12.00 price objective for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. Finally, B. Riley began coverage on shares of Genius Sports in a report on Tuesday, March 18th. They set a "buy" rating for the company. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Trading Down 0.0 %

NYSE GENI opened at $10.79 on Friday. The firm's fifty day moving average price is $9.78 and its two-hundred day moving average price is $9.11. Genius Sports Limited has a 1 year low of $5.02 and a 1 year high of $11.16. The firm has a market capitalization of $2.32 billion, a P/E ratio of -33.70 and a beta of 1.98.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The business had revenue of $175.53 million for the quarter, compared to analyst estimates 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 period last year, the firm earned ($0.10) EPS. On average, research analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

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.

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