Essex Investment Management Co. LLC Invests $1.09 Million in Genius Sports Limited (NYSE:GENI)

Essex Investment Management Co. LLC acquired a new stake in shares of Genius Sports Limited (NYSE:GENIFree Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 205,092 shares of the company’s stock, valued at approximately $1,093,000.

Other institutional investors also recently modified their holdings of the company. ARK Investment Management LLC grew its holdings in shares of Genius Sports by 23.7% in the third quarter. ARK Investment Management LLC now owns 6,293,541 shares of the company’s stock valued at $33,545,000 after acquiring an additional 1,204,760 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Genius Sports by 26.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,047,580 shares of the company’s stock valued at $37,564,000 after acquiring an additional 1,491,777 shares in the last quarter. Samjo Capital LLC raised its position in shares of Genius Sports by 4.9% in the second quarter. Samjo Capital LLC now owns 1,855,000 shares of the company’s stock worth $11,482,000 after buying an additional 87,000 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Genius Sports in the second quarter worth $120,000. Finally, Guggenheim Capital LLC boosted its stake in Genius Sports by 15.9% during the second quarter. Guggenheim Capital LLC now owns 253,247 shares of the company’s stock valued at $1,568,000 after buying an additional 34,828 shares during the period. 43.24% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Up 1.5 %

Shares of Genius Sports stock opened at $7.67 on Monday. The company has a fifty day moving average of $6.16 and a 200-day moving average of $5.90. Genius Sports Limited has a 52-week low of $3.55 and a 52-week high of $8.45.

Genius Sports (NYSE:GENIGet Free Report) last posted its quarterly earnings results on Monday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $100.38 million. Genius Sports had a negative net margin of 44.69% and a negative return on equity of 14.37%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) earnings per share. Analysts predict that Genius Sports Limited will post -0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

GENI has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a report on Friday, January 19th. Craig Hallum lowered their target price on shares of Genius Sports from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, November 14th. Macquarie began coverage on shares of Genius Sports in a research note on Thursday, December 21st. They issued an “outperform” rating and a $11.00 price target for the company. Finally, Benchmark restated a “buy” rating and set a $10.00 price objective on shares of Genius Sports in a research report on Tuesday, November 14th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports presently has an average rating of “Buy” and an average price target of $9.46.

View Our Latest Stock Report on GENI

Genius Sports Company Profile

(Free Report)

Genius Sports Limited develops and sells 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.

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Institutional Ownership by Quarter for Genius Sports (NYSE:GENI)

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