Genius Sports Limited (NYSE:GENI) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in shares of Genius Sports Limited (NYSE:GENIFree Report) by 58.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,079,701 shares of the company’s stock after purchasing an additional 399,659 shares during the period. Wells Fargo & Company MN owned approximately 0.49% of Genius Sports worth $6,673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brown Advisory Inc. acquired a new stake in Genius Sports during the fourth quarter valued at approximately $76,000. Roubaix Capital LLC lifted its stake in Genius Sports by 18.7% during the fourth quarter. Roubaix Capital LLC now owns 1,111,559 shares of the company’s stock valued at $6,869,000 after purchasing an additional 174,884 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Genius Sports by 20.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,351,090 shares of the company’s stock valued at $33,070,000 after purchasing an additional 919,980 shares during the last quarter. Ieq Capital LLC acquired a new stake in Genius Sports during the fourth quarter valued at approximately $927,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Genius Sports in the 4th quarter valued at approximately $105,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GENI has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $8.00 price objective on shares of Genius Sports in a research note on Monday, February 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Genius Sports in a research note on Thursday, April 4th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Genius Sports in a research note on Thursday, March 7th. The Goldman Sachs Group initiated coverage on shares of Genius Sports in a research note on Tuesday, April 16th. They issued a “buy” rating and a $7.50 price objective for the company. Finally, B. Riley assumed coverage on shares of Genius Sports in a research note on Friday, April 5th. They issued a “buy” rating and a $9.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $9.33.

Get Our Latest Research Report on GENI

Genius Sports Trading Up 4.6 %

Genius Sports stock opened at $5.55 on Friday. The company has a market capitalization of $1.27 billion, a P/E ratio of -14.22 and a beta of 1.96. The firm’s fifty day simple moving average is $5.36 and its 200-day simple moving average is $5.91. Genius Sports Limited has a 1-year low of $4.62 and a 1-year high of $8.45.

Genius Sports (NYSE:GENIGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $119.72 million for the quarter, compared to the consensus estimate of $116.53 million. Genius Sports had a negative net margin of 19.73% and a negative return on equity of 12.98%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) EPS. On average, equities research analysts predict that Genius Sports Limited will post -0.17 earnings per share for the current year.

About Genius Sports

(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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Institutional Ownership by Quarter for Genius Sports (NYSE:GENI)

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