Genius Sports Limited $GENI Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC decreased its position in shares of Genius Sports Limited (NYSE:GENI) by 60.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,176 shares of the company’s stock after selling 477,627 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.14% of Genius Sports worth $3,840,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in Genius Sports in the 3rd quarter worth approximately $65,000. Strs Ohio lifted its stake in Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after acquiring an additional 3,400 shares during the period. Bessemer Group Inc. lifted its stake in Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after acquiring an additional 6,455 shares during the period. CWM LLC boosted its holdings in shares of Genius Sports by 106.3% in the 3rd quarter. CWM LLC now owns 8,209 shares of the company’s stock valued at $102,000 after acquiring an additional 4,229 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after acquiring an additional 4,477 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Analyst Upgrades and Downgrades

GENI has been the subject of several recent research reports. New Street Research set a $17.00 target price on shares of Genius Sports in a report on Thursday, December 4th. Wells Fargo & Company lowered their price target on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. The Goldman Sachs Group increased their price target on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Stifel Nicolaus reduced their price objective on Genius Sports from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. Finally, Guggenheim decreased their price objective on Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.84.

Genius Sports Stock Performance

NYSE:GENI opened at $5.34 on Monday. The stock has a market capitalization of $1.15 billion, a PE ratio of -12.41 and a beta of 1.91. Genius Sports Limited has a fifty-two week low of $4.96 and a fifty-two week high of $13.73. The company has a fifty day moving average of $7.68 and a two-hundred day moving average of $10.08.

Genius Sports (NYSE:GENI) last announced its earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $240.50 million for the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. Genius Sports’s revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) EPS. Research analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current year.

Genius Sports Company Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.