Genius Sports Limited (NYSE:GENI) Stock Holdings Lifted by Rock Creek Group LP

Rock Creek Group LP lifted its holdings in shares of Genius Sports Limited (NYSE:GENI) by 11.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 250,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Genius Sports makes up 0.2% of Rock Creek Group LP’s portfolio, making the stock its 26th largest holding. Rock Creek Group LP’s holdings in Genius Sports were worth $2,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Genius Sports by 53.2% during the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after purchasing an additional 2,507,165 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Genius Sports during the 4th quarter worth $15,553,000. Raymond James Financial Inc. acquired a new stake in Genius Sports in the fourth quarter worth $12,332,000. Allspring Global Investments Holdings LLC bought a new stake in Genius Sports in the fourth quarter valued at $11,292,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Genius Sports by 138.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company’s stock valued at $14,264,000 after acquiring an additional 957,559 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Trading Down 6.4 %

Shares of Genius Sports stock opened at $10.15 on Friday. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $11.16. The stock has a market cap of $2.18 billion, a PE ratio of -31.70 and a beta of 2.14. The company’s 50-day moving average price is $9.36 and its two-hundred day moving average price is $8.71.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GENI. 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 report on Wednesday, March 5th. Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a research note on Wednesday, March 5th. Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. B. Riley initiated coverage on Genius Sports in a research report on Tuesday, March 18th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group boosted their price target on Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Genius Sports presently has a consensus rating of “Moderate Buy” and an average price target of $12.23.

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.