FNY Investment Advisers LLC Takes Position in Genius Sports Limited $GENI

FNY Investment Advisers LLC bought a new stake in Genius Sports Limited (NYSE:GENI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 7,230 shares of the company’s stock, valued at approximately $75,000.

Several other large investors also recently made changes to their positions in GENI. Allspring Global Investments Holdings LLC boosted its stake in Genius Sports by 62.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,161,843 shares of the company’s stock valued at $21,683,000 after purchasing an additional 833,335 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Genius Sports by 67.0% during the 1st quarter. D.A. Davidson & CO. now owns 89,551 shares of the company’s stock valued at $896,000 after purchasing an additional 35,943 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Genius Sports by 194.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 48,904 shares of the company’s stock valued at $490,000 after purchasing an additional 32,322 shares during the last quarter. IFC Advisors LLC boosted its stake in Genius Sports by 6.8% during the 1st quarter. IFC Advisors LLC now owns 2,735,155 shares of the company’s stock valued at $27,379,000 after purchasing an additional 173,171 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its stake in Genius Sports by 11.8% during the 2nd quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after purchasing an additional 69,600 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GENI shares. The Goldman Sachs Group lifted their price target on Genius Sports from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Northland Capmk upgraded Genius Sports to a “strong-buy” rating in a research note on Friday, July 25th. Roth Capital assumed coverage on Genius Sports in a research note on Friday, September 12th. They set a “buy” rating and a $16.00 price target for the company. Truist Financial assumed coverage on shares of Genius Sports in a research report on Tuesday, July 1st. They set a “buy” rating and a $14.00 target price on the stock. Finally, Arete Research raised shares of Genius Sports to a “strong-buy” rating in a research report on Wednesday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.22.

Genius Sports Stock Up 1.6%

Genius Sports stock opened at $12.01 on Friday. Genius Sports Limited has a 52 week low of $6.72 and a 52 week high of $13.73. The company’s 50 day moving average price is $12.48 and its two-hundred day moving average price is $11.11. The stock has a market cap of $2.58 billion, a P/E ratio of -38.73 and a beta of 1.85.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The firm had revenue of $118.72 million during the quarter, compared to analysts’ expectations of $118.28 million. During the same quarter in the previous year, the company posted ($0.09) EPS. Genius Sports’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, equities analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current year.

Genius Sports Profile

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.