Marshall Wace LLP Reduces Position in Genius Sports Limited (NYSE:GENI)

Marshall Wace LLP reduced its stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 18.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 380,441 shares of the company's stock after selling 83,753 shares during the period. Marshall Wace LLP owned approximately 0.18% of Genius Sports worth $3,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GENI. Steward Partners Investment Advisory LLC lifted its holdings in Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after buying an additional 3,429 shares during the period. Perigon Wealth Management LLC purchased a new position in Genius Sports during the fourth quarter valued at $136,000. Envestnet Asset Management Inc. grew its position in Genius Sports by 27.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock valued at $143,000 after purchasing an additional 3,548 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Genius Sports during the fourth quarter valued at approximately $163,000. Finally, Arete Wealth Advisors LLC increased its holdings in shares of Genius Sports by 29.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 18,900 shares of the company's stock worth $163,000 after purchasing an additional 4,300 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GENI. Citizens Jmp cut Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research report on Tuesday, March 4th. Needham & Company LLC set a $13.00 price target on Genius Sports in a research note on Wednesday, March 5th. Guggenheim started coverage on Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 target price on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of Genius Sports from $11.00 to $12.50 and gave the company 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 company. Based on data from MarketBeat, Genius Sports has an average rating of "Moderate Buy" and an average price target of $12.19.

Genius Sports Stock Performance

GENI traded up $0.00 during trading on Thursday, hitting $10.79. 801,510 shares of the stock were exchanged, compared to its average volume of 2,691,327. The firm has a 50 day simple moving average of $9.74 and a 200 day simple moving average of $9.09. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -33.77 and a beta of 1.98. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $11.16.

Genius Sports (NYSE:GENI - Get Free Report) last issued 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 return on equity of 14.11% and a negative net margin of 15.84%. The business had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same period last year, the firm earned ($0.10) EPS. As a group, equities analysts anticipate 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.