Genius Sports Limited (NYSE:GENI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in Genius Sports Limited (NYSE:GENI) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,167,844 shares of the company’s stock after selling 124,677 shares during the quarter. Wellington Management Group LLP’s holdings in Genius Sports were worth $70,652,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock worth $56,604,000 after acquiring an additional 2,507,165 shares in the last quarter. Walleye Trading LLC raised its holdings in Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after purchasing an additional 29,555 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Genius Sports during the 3rd quarter worth approximately $84,000. Verition Fund Management LLC acquired a new position in shares of Genius Sports in the 3rd quarter valued at $1,126,000. Finally, Centiva Capital LP grew its position in shares of Genius Sports by 59.6% in the 3rd quarter. Centiva Capital LP now owns 42,011 shares of the company’s stock valued at $329,000 after buying an additional 15,681 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 7.2 %

NYSE GENI opened at $8.81 on Friday. The stock has a market cap of $1.90 billion, a PE ratio of -27.52 and a beta of 2.14. The business has a 50 day moving average price of $9.45 and a two-hundred day moving average price of $8.78. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $11.16.

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

Analysts Set New Price Targets

GENI has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Benchmark lifted their price target on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Lake Street Capital increased their price objective on Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Citizens Jmp cut shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, B. Riley started coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Genius Sports currently has a consensus rating of “Moderate Buy” and an average target price 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.