Gerber Kawasaki Wealth & Investment Management Purchases Shares of 51,880 Genius Sports Limited (NYSE:GENI)

Gerber Kawasaki Wealth & Investment Management purchased a new stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,880 shares of the company's stock, valued at approximately $449,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Loomis Sayles & Co. L P purchased a new stake in Genius Sports in the fourth quarter worth about $15,553,000. Capital Research Global Investors boosted its position in shares of Genius Sports by 14.2% during the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock valued at $112,038,000 after purchasing an additional 1,610,078 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Genius Sports in the fourth quarter worth $12,332,000. Allspring Global Investments Holdings LLC bought a new position in Genius Sports in the fourth quarter worth $11,292,000. Finally, Voss Capital LP raised its holdings in Genius Sports by 16.7% in the fourth quarter. Voss Capital LP now owns 7,923,432 shares of the company's stock worth $68,538,000 after purchasing an additional 1,134,029 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company's stock.

Genius Sports Price Performance

Shares of GENI traded up $0.24 during trading hours on Friday, hitting $11.03. The stock had a trading volume of 2,690,077 shares, compared to its average volume of 2,701,147. Genius Sports Limited has a 12 month low of $5.02 and a 12 month high of $11.16. The firm has a market capitalization of $2.37 billion, a PE ratio of -34.50 and a beta of 1.98. The stock has a fifty day moving average price of $9.78 and a 200 day moving average price of $9.11.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $175.53 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted ($0.10) earnings per share. As a group, analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on GENI. BTIG Research increased their price target on shares of Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Lake Street Capital upped their price target on Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Needham & Company LLC set a $13.00 price objective on Genius Sports in a research note on Wednesday, March 5th. Citizens Jmp cut Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group lifted their price target on Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Genius Sports currently has a consensus rating of "Moderate Buy" and an average target price of $12.19.

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.