Rice Hall James & Associates LLC Cuts Stake in Genius Sports Limited (NYSE:GENI)

Rice Hall James & Associates LLC lowered its stake in shares of Genius Sports Limited (NYSE:GENI) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 819,474 shares of the company’s stock after selling 14,675 shares during the period. Rice Hall James & Associates LLC’s holdings in Genius Sports were worth $7,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports during the third quarter worth about $79,000. Captrust Financial Advisors purchased a new stake in shares of Genius Sports during the third quarter worth about $84,000. Walleye Trading LLC boosted its position in Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after acquiring an additional 29,555 shares during the last quarter. Fullcircle Wealth LLC acquired a new position in Genius Sports during the third quarter worth about $118,000. Finally, Perigon Wealth Management LLC acquired a new position in Genius Sports during the fourth quarter worth about $136,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

GENI has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. B. Riley boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group boosted their price target on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Genius Sports in a research report on Friday, January 17th. Finally, Oppenheimer boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.28.

Genius Sports Price Performance

NYSE:GENI opened at $9.85 on Tuesday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -30.77 and a beta of 2.15. The company’s 50-day moving average is $8.97 and its two-hundred day moving average is $8.25. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.33.

About Genius Sports

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.