Wells Fargo & Company MN Has $2.61 Million Stock Holdings in Genius Sports Limited (NYSE:GENI)

Wells Fargo & Company MN reduced its position in Genius Sports Limited (NYSE:GENI - Free Report) by 89.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,101 shares of the company's stock after selling 2,446,770 shares during the period. Wells Fargo & Company MN owned about 0.14% of Genius Sports worth $2,605,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in shares of Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after purchasing an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Genius Sports during the 4th quarter valued at $136,000. Aigen Investment Management LP purchased a new position in Genius Sports during the fourth quarter worth $163,000. Arete Wealth Advisors LLC raised 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 last quarter. Finally, Emerald Advisers LLC purchased a new stake in shares of Genius Sports in the fourth quarter valued at $198,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GENI. Benchmark reissued a "buy" rating and issued a $12.00 target price on shares of Genius Sports in a research note on Thursday, April 17th. Lake Street Capital lifted their target price on shares of Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Needham & Company LLC set a $13.00 target price on Genius Sports in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft began coverage on Genius Sports in a report on Monday, April 21st. They issued a "buy" rating and a $12.00 price target for the company. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Genius Sports has an average rating of "Moderate Buy" and an average target price of $12.19.

Genius Sports Trading Down 1.3 %

NYSE:GENI traded down $0.14 during trading hours on Wednesday, hitting $10.78. The stock had a trading volume of 3,625,452 shares, compared to its average volume of 2,698,524. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $11.16. The company has a market cap of $2.32 billion, a PE ratio of -33.69 and a beta of 1.98. The business has a 50 day simple moving average of $9.74 and a two-hundred day simple moving average of $9.09.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $175.53 million during the quarter, compared to analyst estimates of $175.52 million. During the same quarter last year, the business posted ($0.10) earnings per share. 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.