Nomura Holdings Inc. Makes New $5.20 Million Investment in Genius Sports Limited $GENI

Nomura Holdings Inc. acquired a new stake in Genius Sports Limited (NYSE:GENI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $5,200,000. Nomura Holdings Inc. owned about 0.23% of Genius Sports at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hodges Capital Management Inc. grew its position in shares of Genius Sports by 351.7% in the 2nd quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock valued at $10,101,000 after acquiring an additional 756,235 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Genius Sports by 11.8% in the 2nd quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after purchasing an additional 69,600 shares during the period. Quantbot Technologies LP grew its holdings in Genius Sports by 1,259.8% during the first quarter. Quantbot Technologies LP now owns 397,484 shares of the company’s stock worth $3,979,000 after purchasing an additional 368,254 shares during the period. Geode Capital Management LLC acquired a new position in Genius Sports during the second quarter worth approximately $27,312,000. Finally, Wellington Management Group LLP increased its position in Genius Sports by 25.4% during the first quarter. Wellington Management Group LLP now owns 10,244,434 shares of the company’s stock worth $102,547,000 after buying an additional 2,076,590 shares during the last quarter. 81.91% of the stock is owned by institutional investors.

Genius Sports Stock Performance

GENI opened at $10.66 on Tuesday. The stock has a fifty day moving average of $10.81 and a 200-day moving average of $11.21. The company has a market capitalization of $2.29 billion, a P/E ratio of -22.67 and a beta of 1.94. Genius Sports Limited has a fifty-two week low of $8.15 and a fifty-two week high of $13.73.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The business had revenue of $166.28 million for the quarter, compared to the consensus estimate of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. On average, equities research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GENI has been the subject of several research analyst reports. JMP Securities lifted their target price on Genius Sports from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Genius Sports in a research report on Thursday, December 4th. The Goldman Sachs Group upped their price objective on shares of Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Wells Fargo & Company raised their target price on shares of Genius Sports from $10.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. Finally, Macquarie reaffirmed an “outperform” rating and set a $15.00 target price on shares of Genius Sports in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Genius Sports has an average rating of “Moderate Buy” and a consensus target price of $15.05.

Genius Sports 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.