Jump Financial LLC acquired a new stake in Genius Sports Limited (NYSE:GENI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 301,035 shares of the company's stock, valued at approximately $2,604,000. Jump Financial LLC owned 0.14% of Genius Sports at the end of the most recent reporting period.
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 during the 4th quarter worth approximately $15,553,000. JPMorgan Chase & Co. lifted its holdings in 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 acquiring an additional 957,559 shares during the period. Raymond James Financial Inc. bought a new stake in Genius Sports during the fourth quarter worth $12,332,000. Allspring Global Investments Holdings LLC bought a new stake in Genius Sports during the fourth quarter worth $11,292,000. Finally, Nixon Capital LLC purchased a new stake in Genius Sports in the fourth quarter worth $8,463,000. 81.91% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Craig Hallum set a $15.00 price target on Genius Sports in a research report on Tuesday, March 4th. BTIG Research increased their price target on shares of Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday. B. Riley started coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating on the stock. JMP Securities reissued a "market outperform" rating and set a $11.00 price objective on shares of Genius Sports in a research note on Monday, January 27th. Finally, Benchmark reissued a "buy" rating and set a $12.00 price objective on shares of Genius Sports in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.19.
Check Out Our Latest Report on GENI
Genius Sports Stock Up 1.6 %
Shares of NYSE:GENI traded up $0.16 on Wednesday, hitting $10.48. 1,680,246 shares of the company traded hands, compared to its average volume of 3,222,179. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $11.16. The stock has a 50 day simple moving average of $9.61 and a 200-day simple moving average of $8.96. The company has a market cap of $2.26 billion, a PE ratio of -32.75 and a beta of 1.98.
Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the business earned ($0.10) earnings per share. As a group, sell-side analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current year.
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.
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