Genius Sports Limited $GENI Shares Acquired by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. boosted its stake in Genius Sports by 79.5% in Q3, buying an additional 572,607 shares to hold 1,293,172 shares valued at about $16.0 million (≈0.60% of the company).
• Genius Sports reported Q results showing an EPS loss of ($0.08) that missed estimates while revenue rose 37% to $240.5 million; the company remains unprofitable with negative net margin and ROE, and the stock trades near its one‑year low (~$4.40) with a market cap around $948 million.
• Analyst and ownership landscape: the stock carries an average rating of "Moderate Buy" with an average price target of $12.84, and institutional investors hold roughly 81.9% of the shares, though several firms recently trimmed targets.

JPMorgan Chase & Co. increased its position in Genius Sports Limited (NYSE:GENI - Free Report) by 79.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,293,172 shares of the company's stock after purchasing an additional 572,607 shares during the period. JPMorgan Chase & Co. owned 0.60% of Genius Sports worth $16,009,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GENI. Aster Capital Management DIFC Ltd acquired a new position in Genius Sports during the third quarter worth approximately $65,000. Strs Ohio grew its position in shares of Genius Sports by 178.9% during the third quarter. Strs Ohio now owns 5,300 shares of the company's stock worth $66,000 after acquiring an additional 3,400 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Genius Sports by 1,163.1% during the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company's stock worth $87,000 after acquiring an additional 6,455 shares during the last quarter. CWM LLC increased its holdings in shares of Genius Sports by 106.3% in the 3rd quarter. CWM LLC now owns 8,209 shares of the company's stock valued at $102,000 after acquiring an additional 4,229 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company's stock valued at $111,000 after acquiring an additional 4,477 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Performance

Shares of GENI opened at $4.40 on Friday. The stock has a market capitalization of $947.87 million, a P/E ratio of -10.24 and a beta of 1.91. The company's fifty day moving average is $6.64 and its two-hundred day moving average is $9.60. Genius Sports Limited has a 1 year low of $4.39 and a 1 year high of $13.73.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $240.50 million during the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The firm's revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. Sell-side analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Guggenheim decreased their price target on shares of Genius Sports from $17.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Truist Financial reduced their target price on shares of Genius Sports from $15.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. Oppenheimer decreased their target price on shares of Genius Sports from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Thursday, March 5th. UBS Group reissued a "buy" rating on shares of Genius Sports in a report on Wednesday, March 4th. Finally, Needham & Company LLC dropped their price target on Genius Sports from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.84.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.

Want to see what other hedge funds are holding GENI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genius Sports Limited (NYSE:GENI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.