285,302 Shares in Genius Sports Limited (NYSE:GENI) Purchased by EAM Global Investors LLC

EAM Global Investors LLC purchased a new stake in Genius Sports Limited (NYSE:GENI) in the 4th quarter, Holdings Channel reports. The firm purchased 285,302 shares of the company’s stock, valued at approximately $2,468,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P purchased a new stake in Genius Sports in the fourth quarter valued at approximately $15,553,000. JPMorgan Chase & Co. boosted its holdings in shares of Genius Sports by 138.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company’s stock valued at $14,264,000 after purchasing an additional 957,559 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Genius Sports during the 4th quarter valued at $12,332,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Genius Sports during the 4th quarter worth $11,292,000. Finally, Nixon Capital LLC purchased a new position in shares of Genius Sports in the 4th quarter worth $8,463,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

GENI has been the subject of a number of research reports. Craig Hallum set a $15.00 price target on Genius Sports in a research report on Tuesday, March 4th. Needham & Company LLC set a $13.00 target price on shares of Genius Sports in a research report on Wednesday, March 5th. The Goldman Sachs Group lifted their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Benchmark increased their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Lake Street Capital lifted their target price on shares of Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.23.

Genius Sports Trading Up 2.5 %

GENI opened at $10.17 on Wednesday. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $11.16. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -31.78 and a beta of 1.98. The company has a fifty day simple moving average of $9.52 and a 200 day simple moving average of $8.86.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. On average, analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

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.