Genius Sports Limited $GENI Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 395.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 979,000 shares of the company’s stock after purchasing an additional 781,411 shares during the period. New York State Common Retirement Fund’s holdings in Genius Sports were worth $12,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GENI. CWM LLC boosted its holdings in Genius Sports by 275.5% in the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after acquiring an additional 2,920 shares in the last quarter. Strs Ohio increased its holdings in shares of Genius Sports by 178.9% during the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after acquiring an additional 3,400 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Genius Sports in the 2nd quarter valued at approximately $75,000. Amalgamated Bank acquired a new stake in Genius Sports in the 2nd quarter worth approximately $79,000. Finally, Jag Capital Management LLC purchased a new stake in Genius Sports during the 2nd quarter worth approximately $110,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Guggenheim set a $17.00 price target on shares of Genius Sports in a report on Thursday, December 4th. Stifel Nicolaus initiated coverage on Genius Sports in a research note on Wednesday, January 21st. They issued a “hold” rating and a $10.00 target price for the company. Macquarie reaffirmed an “outperform” rating and set a $15.00 price target on shares of Genius Sports in a research report on Wednesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a report on Thursday, December 4th. Finally, BTIG Research lifted their target price on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Three equities research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Genius Sports Stock Performance

Shares of GENI opened at $8.40 on Tuesday. The business’s 50-day moving average is $10.35 and its two-hundred day moving average is $11.28. The company has a market capitalization of $1.81 billion, a P/E ratio of -17.86 and a beta of 1.81. Genius Sports Limited has a fifty-two week low of $8.15 and a fifty-two week high of $13.73.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The company had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. Analysts forecast that Genius Sports Limited will post -0.1 EPS for the current year.

About Genius Sports

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.