Rockefeller Capital Management L.P. Purchases New Position in Genius Sports Limited (NYSE:GENI)

Rockefeller Capital Management L.P. purchased a new position in Genius Sports Limited (NYSE:GENI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 212,000 shares of the company's stock, valued at approximately $1,834,000. Rockefeller Capital Management L.P. owned 0.10% of Genius Sports as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. increased its holdings in shares of Genius Sports by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company's stock worth $464,000 after purchasing an additional 1,396 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake 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 valued at $105,000 after buying an additional 3,429 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of 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 buying an additional 3,548 shares during the period. Arete Wealth Advisors LLC grew its holdings in shares of Genius Sports by 29.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 18,900 shares of the company's stock worth $163,000 after acquiring an additional 4,300 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Genius Sports by 22.2% in the 4th quarter. Victory Capital Management Inc. now owns 23,769 shares of the company's stock worth $206,000 after purchasing an additional 4,321 shares during the period. Institutional investors own 81.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a research report on Monday. They issued a "buy" rating and a $12.00 price target on the stock. Needham & Company LLC set a $13.00 price objective on Genius Sports in a research note on Wednesday, March 5th. B. Riley initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating for the company. Guggenheim began coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating and a $12.00 price objective on the stock. Finally, Benchmark reissued a "buy" rating and set a $12.00 target price 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 issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Trading Up 0.8 %

NYSE:GENI traded up $0.09 during midday trading on Friday, hitting $10.65. 738,168 shares of the company traded hands, compared to its average volume of 2,664,258. The firm has a market capitalization of $2.29 billion, a P/E ratio of -33.14 and a beta of 1.98. The firm's fifty day moving average is $9.64 and its 200-day moving average is $8.99. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $11.16.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter last year, the business posted ($0.10) EPS. On average, research analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

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.