Massachusetts Financial Services Co. MA Sells 725,462 Shares of Genius Sports Limited $GENI

Key Points

• Massachusetts Financial Services Co. MA sold 725,462 shares of Genius Sports, reducing its stake by 14.8% to 4,182,281 shares (about 1.94% of the company) valued at $46.09 million at quarter-end.
• Genius reported Q4 EPS of ($0.08) (missing estimates) while revenue rose 37% to $240.5 million, and the stock trades around $4.28 vs. a consensus analyst target of $12.63 (average rating: Moderate Buy), indicating strong revenue growth but ongoing negative profitability.

Massachusetts Financial Services Co. MA reduced its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,182,281 shares of the company's stock after selling 725,462 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.94% of Genius Sports worth $46,089,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GENI. Invesco Ltd. boosted its holdings in shares of Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company's stock worth $34,233,000 after acquiring an additional 3,202,290 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Genius Sports by 82.7% in the third quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company's stock worth $72,424,000 after acquiring an additional 2,647,948 shares during the period. Stephens Investment Management Group LLC boosted its holdings in shares of Genius Sports by 341.6% in the third quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company's stock worth $41,231,000 after acquiring an additional 2,576,329 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Genius Sports by 17.9% in the third quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company's stock worth $167,298,000 after acquiring an additional 2,051,503 shares during the period. Finally, Shapiro Capital Management LLC bought a new position in shares of Genius Sports in the third quarter valued at approximately $19,652,000. 81.91% of the stock is owned by institutional investors.

Genius Sports Stock Performance

NYSE:GENI opened at $4.28 on Wednesday. Genius Sports Limited has a 52-week low of $3.83 and a 52-week high of $13.73. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -9.95 and a beta of 2.08. The stock has a fifty day moving average of $5.34 and a 200 day moving average of $8.79.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.10). The company had revenue of $240.50 million during the quarter, compared to analysts' expectations of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.Genius Sports's quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) EPS. Equities analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Northland Securities set a $12.00 price objective on shares of Genius Sports in a research report on Friday, February 6th. Oppenheimer cut their price objective on shares of Genius Sports from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Thursday, March 5th. Weiss Ratings restated a "sell (d-)" rating on shares of Genius Sports in a research report on Friday, March 27th. Guggenheim cut their price objective on shares of Genius Sports from $17.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Finally, Needham & Company LLC cut their price objective on shares of Genius Sports from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.63.

Genius Sports Profile

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.

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