Allspring Global Investments Holdings LLC Purchases 211,109 Shares of Genius Sports Limited $GENI

Allspring Global Investments Holdings LLC boosted its holdings in shares of Genius Sports Limited (NYSE:GENI) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,217,386 shares of the company’s stock after purchasing an additional 211,109 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.49% of Genius Sports worth $34,683,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of Genius Sports in the 3rd quarter worth approximately $65,000. Strs Ohio boosted its holdings 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 position in shares of Genius Sports by 1,163.1% during the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after purchasing an additional 6,455 shares during the last quarter. CWM LLC boosted its stake in shares of Genius Sports by 106.3% during the third quarter. CWM LLC now owns 8,209 shares of the company’s stock valued at $102,000 after purchasing an additional 4,229 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after purchasing an additional 4,477 shares during the period. 81.91% of the stock is owned by institutional investors.

Genius Sports Price Performance

Shares of GENI opened at $4.55 on Friday. The company’s fifty day moving average price is $6.11 and its 200-day moving average price is $9.31. The firm has a market capitalization of $1.12 billion, a PE ratio of -10.59 and a beta of 2.08. Genius Sports Limited has a 1-year low of $4.19 and a 1-year high of $13.73.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $240.50 million during the quarter, compared to analysts’ expectations of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) earnings per share. As a group, research analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Guggenheim reduced their price target on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Zacks Research upgraded Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Citigroup dropped their price objective on Genius Sports from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC reduced their price objective on Genius Sports from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Stifel Nicolaus dropped their price target on Genius Sports from $10.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Genius Sports currently has an average rating of “Moderate Buy” and an average target price of $12.74.

About Genius Sports

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.