Legal & General Group Plc cut its stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 441,997 shares of the company's stock after selling 211,190 shares during the period. Legal & General Group Plc owned 0.21% of Genius Sports worth $3,825,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of GENI. Loomis Sayles & Co. L P bought a new stake in shares of Genius Sports during the 4th quarter worth approximately $15,553,000. JPMorgan Chase & Co. raised its stake in shares of Genius Sports by 138.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company's stock worth $14,264,000 after purchasing an additional 957,559 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Genius Sports during the 4th quarter worth approximately $12,332,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Genius Sports during the 4th quarter worth approximately $11,292,000. Finally, Wilson Asset Management International PTY Ltd. raised its stake in shares of Genius Sports by 11.3% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 840,394 shares of the company's stock worth $7,269,000 after purchasing an additional 85,638 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on GENI. Needham & Company LLC set a $13.00 price objective on Genius Sports in a research note on Wednesday, March 5th. BTIG Research increased their price target on Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Lake Street Capital increased their price target on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Benchmark restated a "buy" rating and issued a $12.00 price target on shares of Genius Sports in a research note on Thursday, April 17th. Finally, 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. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Genius Sports currently has an average rating of "Moderate Buy" and an average target price of $12.19.
View Our Latest Stock Report on GENI
Genius Sports Stock Performance
Shares of NYSE:GENI traded down $0.02 during trading on Monday, reaching $10.80. The stock had a trading volume of 3,701,088 shares, compared to its average volume of 2,687,773. The firm's fifty day moving average is $9.68 and its 200 day moving average is $9.06. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $11.16. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -33.75 and a beta of 1.98.
Genius Sports (NYSE:GENI - Get Free Report) last posted 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). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same period in the prior year, the company posted ($0.10) earnings per share. On average, research analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.
Genius Sports Company Profile
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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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