Gabelli Funds LLC Has $411,000 Holdings in Genius Sports Limited (NYSE:GENI)

Gabelli Funds LLC cut its position in Genius Sports Limited (NYSE:GENI - Free Report) by 34.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,500 shares of the company's stock after selling 24,500 shares during the period. Gabelli Funds LLC's holdings in Genius Sports were worth $411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new position in Genius Sports in the 4th quarter worth $15,553,000. JPMorgan Chase & Co. grew its holdings in shares of Genius Sports by 138.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company's stock worth $14,264,000 after buying an additional 957,559 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Genius Sports in the 4th quarter valued at approximately $12,332,000. Allspring Global Investments Holdings LLC bought a new stake in Genius Sports in the 4th quarter valued at approximately $11,292,000. Finally, Nixon Capital LLC acquired a new position in Genius Sports during the 4th quarter worth approximately $8,463,000. 81.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. B. Riley assumed coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating on the stock. The Goldman Sachs Group raised their price objective on Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and issued a $12.00 target price on shares of Genius Sports in a research report on Thursday, April 17th. JMP Securities restated a "market outperform" rating and issued a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. Finally, BTIG Research upped their price objective on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Stock Up 2.3 %

Shares of Genius Sports stock traded up $0.24 on Friday, hitting $10.80. The stock had a trading volume of 3,101,847 shares, compared to its average volume of 2,677,886. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -33.75 and a beta of 1.98. The business's 50 day moving average is $9.66 and its two-hundred day moving average is $9.02. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $11.16.

Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business 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 firm posted ($0.10) EPS. As a group, equities analysts predict that Genius Sports Limited will post -0.1 earnings per share 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.