Genius Sports Limited (NYSE:GENI) Shares Sold by Samjo Management LLC

Samjo Management LLC lessened its stake in Genius Sports Limited (NYSE:GENI) by 16.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,982,950 shares of the company’s stock after selling 566,850 shares during the period. Genius Sports accounts for about 9.7% of Samjo Management LLC’s holdings, making the stock its 3rd biggest position. Samjo Management LLC’s holdings in Genius Sports were worth $25,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Genius Sports during the 4th quarter worth approximately $12,332,000. Perigon Wealth Management LLC acquired a new stake in Genius Sports in the fourth quarter worth $136,000. D.A. Davidson & CO. boosted its position in shares of Genius Sports by 2.7% during the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after purchasing an additional 1,396 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Genius Sports in the 4th quarter valued at $11,292,000. Finally, JPMorgan Chase & Co. increased its position in shares of Genius Sports by 2,765,692.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company’s stock valued at $5,421,000 after buying an additional 691,423 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

GENI has been the topic of several recent analyst reports. B. Riley initiated coverage on Genius Sports in a report on Tuesday, March 18th. They set a “buy” rating on the stock. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Lake Street Capital raised their target price on shares of Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. The Goldman Sachs Group upped their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Guggenheim assumed coverage on shares of Genius Sports in a report on Tuesday, March 18th. They set a “buy” rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.23.

Genius Sports Trading Down 7.2 %

Shares of GENI stock opened at $8.81 on Friday. The firm’s fifty day moving average price is $9.45 and its two-hundred day moving average price is $8.78. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $11.16. The firm has a market capitalization of $1.90 billion, a P/E ratio of -27.52 and a beta of 1.98.

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