Genius Sports Limited (NYSE:GENI) Position Trimmed by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its holdings in Genius Sports Limited (NYSE:GENI) by 17.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 834,149 shares of the company’s stock after selling 178,800 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.36% of Genius Sports worth $6,540,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Divisadero Street Capital Management LP bought a new stake in Genius Sports in the second quarter valued at $11,233,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Genius Sports by 25.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,503,563 shares of the company’s stock valued at $48,555,000 after purchasing an additional 1,702,602 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Genius Sports by 25.0% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 8,503,563 shares of the company’s stock valued at $48,555,000 after purchasing an additional 1,702,602 shares during the period. Massachusetts Financial Services Co. MA grew its position in Genius Sports by 28.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock worth $37,217,000 after purchasing an additional 1,502,958 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Genius Sports in the second quarter valued at approximately $6,575,000. Institutional investors own 81.91% of the company’s stock.

Analyst Ratings Changes

GENI has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a research report on Tuesday, August 6th. Macquarie decreased their price target on Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. The Goldman Sachs Group lifted their price objective on shares of Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Genius Sports in a report on Friday, October 11th. Finally, B. Riley raised their target price on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $9.45.

Genius Sports Trading Down 4.5 %

NYSE GENI opened at $6.85 on Friday. Genius Sports Limited has a 12 month low of $4.62 and a 12 month high of $8.64. The company’s 50 day simple moving average is $7.53 and its 200 day simple moving average is $6.36.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Genius Sports had a negative net margin of 21.93% and a negative return on equity of 15.30%. The company had revenue of $95.50 million during the quarter, compared to the consensus estimate of $94.15 million. During the same period in the prior year, the company posted ($0.05) EPS. Genius Sports’s quarterly revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that Genius Sports Limited will post -0.2 EPS for the current fiscal year.

Genius Sports Company 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.