Voya Investment Management LLC increased its holdings in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,316,026 shares of the company's stock after buying an additional 294,296 shares during the quarter. Voya Investment Management LLC owned 1.08% of Genius Sports worth $20,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Genius Sports by 237.8% during the third quarter. State Street Corp now owns 135,859 shares of the company's stock worth $1,065,000 after buying an additional 95,642 shares during the period. Sanctuary Advisors LLC acquired a new stake in Genius Sports during the 3rd quarter worth about $221,000. Tidal Investments LLC acquired a new stake in Genius Sports during the 3rd quarter worth about $371,000. JPMorgan Chase & Co. increased its holdings in shares of Genius Sports by 2,765,692.0% in the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock valued at $5,421,000 after purchasing an additional 691,423 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Genius Sports by 56.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company's stock worth $4,250,000 after purchasing an additional 176,845 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.
Genius Sports Stock Performance
Shares of NYSE:GENI traded up $0.26 during trading hours on Friday, hitting $11.05. 2,481,040 shares of the company's stock traded hands, compared to its average volume of 2,700,453. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -34.45 and a beta of 1.98. Genius Sports Limited has a 52 week low of $5.02 and a 52 week high of $11.16. The company's fifty day simple moving average is $9.78 and its two-hundred day simple moving average is $9.11.
Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The company had revenue of $175.53 million for the quarter, compared to analysts' expectations of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same period in the previous year, the firm posted ($0.10) earnings per share. On average, analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
GENI has been the subject of a number of recent research reports. Craig Hallum set a $15.00 price objective on Genius Sports in a research note on Tuesday, March 4th. B. Riley began coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating on the stock. BTIG Research boosted their target price on shares of Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a research report on Wednesday, March 5th. Finally, Lake Street Capital upped their price objective on shares of Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Genius Sports has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.
Check Out Our Latest Analysis on GENI
About Genius Sports
(
Free Report)
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.
See Also
Before you consider Genius Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genius Sports wasn't on the list.
While Genius Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
