Cooper Creek Partners Management LLC Lowers Stock Holdings in Genius Sports Limited (NYSE:GENI)

Cooper Creek Partners Management LLC cut its position in Genius Sports Limited (NYSE:GENI - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,699,898 shares of the company's stock after selling 2,614,568 shares during the period. Genius Sports accounts for approximately 2.6% of Cooper Creek Partners Management LLC's investment portfolio, making the stock its 12th biggest holding. Cooper Creek Partners Management LLC owned about 4.51% of Genius Sports worth $83,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in Genius Sports in the 3rd quarter valued at about $84,000. Steward Partners Investment Advisory LLC lifted its stake in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after acquiring an additional 3,429 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in Genius Sports during the 4th quarter worth $136,000. Envestnet Asset Management Inc. grew its stake in shares of Genius Sports by 27.2% in 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. Finally, Aigen Investment Management LP bought a new position in shares of Genius Sports during the fourth quarter valued at about $163,000. Institutional investors own 81.91% of the company's stock.

Genius Sports Price Performance

Shares of GENI traded up $0.13 during midday trading on Friday, hitting $10.35. 3,469,757 shares of the company traded hands, compared to its average volume of 2,649,449. The stock has a 50-day moving average of $9.57 and a 200-day moving average of $8.89. Genius Sports Limited has a one year low of $4.91 and a one year high of $11.16. The firm has a market cap of $2.23 billion, a P/E ratio of -32.33 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) EPS 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 the consensus estimate of $175.52 million. During the same period in the previous year, the business earned ($0.10) earnings per share. Sell-side analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Guggenheim initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating and a $12.00 target price on the stock. Lake Street Capital raised their target price on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. B. Riley initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating for the company. Craig Hallum set a $15.00 target price on shares of Genius Sports in a research note on Tuesday, March 4th. Finally, Benchmark restated a "buy" rating and set a $12.00 price target on shares of Genius Sports in a research note on Thursday. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.