Genius Sports Limited $GENI Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its position in shares of Genius Sports Limited (NYSE:GENI) by 74.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,377 shares of the company’s stock after selling 303,257 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Genius Sports were worth $1,172,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GENI. Aster Capital Management DIFC Ltd acquired a new stake in Genius Sports during the third quarter worth approximately $65,000. Strs Ohio raised its holdings in Genius Sports by 178.9% in 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 last quarter. Bessemer Group Inc. lifted its stake in shares of Genius Sports by 1,163.1% during the 3rd 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 period. CWM LLC lifted its stake in shares of Genius Sports by 106.3% during the 3rd quarter. CWM LLC now owns 8,209 shares of the company’s stock worth $102,000 after purchasing an additional 4,229 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings 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 worth $111,000 after purchasing an additional 4,477 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GENI shares. The Goldman Sachs Group upped their target price on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Wells Fargo & Company reduced their target price on Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Benchmark reissued a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. Truist Financial dropped their price objective on shares of Genius Sports from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Finally, New Street Research set a $17.00 price objective on shares of Genius Sports in a report on Thursday, December 4th. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.74.

Genius Sports Stock Up 0.3%

GENI stock opened at $4.55 on Friday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -10.59 and a beta of 2.08. The business has a fifty day simple moving average of $6.11 and a 200-day simple moving average of $9.31. Genius Sports Limited has a 52 week low of $4.19 and a 52 week high of $13.73.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share (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 analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted ($0.12) EPS. As a group, analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current fiscal 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.