Legal & General Group Plc Sells 211,190 Shares of Genius Sports Limited (NYSE:GENI)

Legal & General Group Plc trimmed its position in shares of Genius Sports Limited (NYSE:GENI) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 441,997 shares of the company’s stock after selling 211,190 shares during the quarter. Legal & General Group Plc owned 0.21% of Genius Sports worth $3,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new position in Genius Sports in the fourth quarter valued at about $15,553,000. Raymond James Financial Inc. acquired a new position in shares of Genius Sports in the 4th quarter valued at approximately $12,332,000. Allspring Global Investments Holdings LLC bought a new stake in Genius Sports during the 4th quarter worth approximately $11,292,000. JPMorgan Chase & Co. raised its holdings in Genius Sports by 138.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company’s stock worth $14,264,000 after buying an additional 957,559 shares during the period. Finally, Trexquant Investment LP lifted its stake in Genius Sports by 536.3% in the fourth quarter. Trexquant Investment LP now owns 722,560 shares of the company’s stock valued at $6,250,000 after buying an additional 609,009 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 opened at $10.28 on Wednesday. The stock has a 50-day simple moving average of $9.61 and a 200 day simple moving average of $8.96. The stock has a market capitalization of $2.21 billion, a P/E ratio of -32.11 and a beta of 1.98. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $11.16.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) 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 business had revenue of $175.53 million for the quarter, compared to the consensus estimate of $175.52 million. During the same quarter in the prior 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. BTIG Research upped their price target on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday. Guggenheim started coverage on shares of Genius Sports in a report on Tuesday, March 18th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Lake Street Capital increased their target price on shares of Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.19.

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.