Citigroup Inc. Has $7.65 Million Position in Genius Sports Limited $GENI

Citigroup Inc. raised its holdings in Genius Sports Limited (NYSE:GENI) by 637.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 618,143 shares of the company’s stock after buying an additional 534,355 shares during the quarter. Citigroup Inc. owned 0.29% of Genius Sports worth $7,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Global Alpha Capital Management Ltd. bought a new stake in Genius Sports in the second quarter valued at about $43,552,000. Invesco Ltd. boosted its holdings in Genius Sports by 3,584.2% during the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after purchasing an additional 3,202,290 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Genius Sports in the 2nd quarter valued at approximately $27,312,000. Stephens Investment Management Group LLC raised its holdings in shares of Genius Sports by 341.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company’s stock worth $41,231,000 after buying an additional 2,576,329 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in shares of Genius Sports during the 2nd quarter worth approximately $14,220,000. 81.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GENI has been the subject of several recent analyst reports. Oppenheimer dropped their price objective on Genius Sports from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Stifel Nicolaus dropped their target price on shares of Genius Sports from $10.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. Citizens Jmp boosted their price target on shares of Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Thursday, December 4th. Guggenheim dropped their price objective on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Citigroup reissued an “outperform” rating on shares of Genius Sports in a report on Monday, February 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.48.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $6.22 on Monday. The firm has a 50 day simple moving average of $8.73 and a 200 day simple moving average of $10.58. Genius Sports Limited has a fifty-two week low of $5.68 and a fifty-two week high of $13.73. The firm has a market cap of $1.34 billion, a P/E ratio of -13.23 and a beta of 1.91.

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.