Emerald Advisers LLC Purchases New Position in Genius Sports Limited (NYSE:GENI)

Emerald Advisers LLC acquired a new position in shares of Genius Sports Limited (NYSE:GENI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,884 shares of the company’s stock, valued at approximately $198,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new position in shares of Genius Sports during the third quarter worth $84,000. Walleye Trading LLC increased its holdings in Genius Sports by 169.9% in the 3rd 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. Steward Partners Investment Advisory LLC raised its position in Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after purchasing an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Genius Sports during the fourth quarter valued at about $136,000. Finally, Aigen Investment Management LP bought a new stake in shares of Genius Sports during the fourth quarter worth about $163,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Up 3.1 %

GENI opened at $10.36 on Monday. The company has a market cap of $2.23 billion, a P/E ratio of -32.38 and a beta of 2.14. The company has a fifty day moving average price of $9.17 and a two-hundred day moving average price of $8.60. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.99.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The firm had revenue of $175.53 million for the quarter, compared to analyst estimates 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 period in the previous year, the company earned ($0.10) earnings per share. On average, research analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GENI has been the subject of a number of research reports. Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. The Goldman Sachs Group lifted their price target on shares of Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research note on Tuesday, March 4th. JMP Securities reaffirmed a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. Finally, Citigroup upped their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.23.

Genius Sports 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.