Rockefeller Capital Management L.P. Makes New $1.83 Million Investment in Genius Sports Limited (NYSE:GENI)

Rockefeller Capital Management L.P. purchased a new stake in Genius Sports Limited (NYSE:GENI) during the fourth quarter, according to its most recent filing with the 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 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Genius Sports during the fourth quarter worth $12,332,000. JPMorgan Chase & Co. raised its stake in Genius Sports by 138.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company’s stock valued at $14,264,000 after buying an additional 957,559 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Genius Sports in the fourth quarter worth about $136,000. D.A. Davidson & CO. grew its stake in shares of Genius Sports by 2.7% during the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after acquiring an additional 1,396 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Genius Sports in the 4th quarter valued at approximately $11,292,000. 81.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GENI has been the subject of several research reports. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research note on Tuesday, March 4th. B. Riley initiated coverage on Genius Sports in a research note on Tuesday, March 18th. They set a “buy” rating on the stock. Citizens Jmp cut Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $12.00 price target on shares of Genius Sports in a report on Thursday. Finally, Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and an average price target of $12.23.

Genius Sports Stock Performance

NYSE:GENI opened at $10.35 on Monday. The company has a fifty day moving average of $9.59 and a two-hundred day moving average of $8.93. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $11.16. The stock has a market capitalization of $2.23 billion, a PE ratio of -32.33 and a beta of 1.98.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data 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 analyst estimates of $175.52 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Research analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current year.

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.