360,591 Shares in Genius Sports Limited (NYSE:GENI) Purchased by Peak6 LLC

PEAK6 LLC purchased a new position in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 360,591 shares of the company's stock, valued at approximately $3,119,000. PEAK6 LLC owned 0.17% of Genius Sports at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its holdings in Genius Sports by 39.2% during 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 last quarter. Perigon Wealth Management LLC acquired a new position in Genius Sports in the fourth quarter valued at approximately $136,000. Envestnet Asset Management Inc. increased its stake in Genius Sports by 27.2% in the fourth 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 4th quarter worth approximately $163,000. Finally, Arete Wealth Advisors LLC boosted 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 valued at $163,000 after buying an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.

Genius Sports Stock Performance

Genius Sports stock traded up $0.02 during midday trading on Thursday, reaching $10.49. The company's stock had a trading volume of 657,401 shares, compared to its average volume of 2,664,956. The stock's 50 day simple moving average is $9.63 and its 200 day simple moving average is $8.97. The firm has a market capitalization of $2.26 billion, a PE ratio of -32.80 and a beta of 1.98. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $11.16.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $175.53 million during 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 business earned ($0.10) earnings per share. Equities analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on GENI. Craig Hallum set a $15.00 price target on shares of Genius Sports in a research report on Tuesday, March 4th. 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. Needham & Company LLC set a $13.00 price objective on Genius Sports in a report on Wednesday, March 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. Finally, Benchmark reiterated a "buy" rating and set a $12.00 price target on shares of Genius Sports in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.19.

Genius Sports Company 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.