Sei Investments Co. Buys 104,990 Shares of Genius Sports Limited $GENI

Sei Investments Co. lifted its stake in Genius Sports Limited (NYSE:GENI) by 10.1% in the first quarter, Holdings Channel.com reports. The firm owned 1,148,179 shares of the company’s stock after buying an additional 104,990 shares during the period. Sei Investments Co.’s holdings in Genius Sports were worth $5,086,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GENI. Parallel Advisors LLC purchased a new stake in Genius Sports during the 1st quarter valued at $25,000. UMB Bank n.a. purchased a new position in Genius Sports during the fourth quarter worth $63,000. Osaic Holdings Inc. raised its stake in shares of Genius Sports by 72.6% in the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after acquiring an additional 4,477 shares during the period. Orion Porfolio Solutions LLC purchased a new stake in shares of Genius Sports in the second quarter valued at $112,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Genius Sports in the fourth quarter valued at $129,000. Institutional investors own 81.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GENI. The Goldman Sachs Group began coverage on shares of Genius Sports in a research note on Monday, July 27th. They set a “buy” rating and a $9.50 price target for the company. Freedom Capital raised shares of Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. Wall Street Zen raised shares of Genius Sports from a “strong sell” rating to a “sell” rating in a research note on Monday. Stifel Nicolaus boosted their target price on Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Genius Sports in a research note on Monday, May 11th. They set a “buy” rating and a $10.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Genius Sports currently has a consensus rating of “Moderate Buy” and an average target price of $11.14.

Genius Sports Trading Up 14.4%

NYSE GENI opened at $8.09 on Wednesday. The stock has a market cap of $1.99 billion, a PE ratio of -13.26 and a beta of 1.90. Genius Sports Limited has a 12 month low of $3.83 and a 12 month high of $13.73. The company’s 50-day moving average price is $6.43 and its 200-day moving average price is $5.99.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The company had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The business’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. As a group, sell-side analysts forecast that Genius Sports Limited will post -0.12 earnings per share for the current year.

Genius Sports 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.