21,972 Shares in Genius Sports Limited (NYSE:GENI) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in Genius Sports Limited (NYSE:GENI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 21,972 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Genius Sports by 383.6% in the fourth quarter. Wellington Management Group LLP now owns 7,277,462 shares of the company’s stock valued at $44,975,000 after acquiring an additional 5,772,540 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Genius Sports by 25.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,503,563 shares of the company’s stock valued at $48,555,000 after purchasing an additional 1,702,602 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Genius Sports in the 2nd quarter valued at about $5,521,000. Wells Fargo & Company MN grew its position in shares of Genius Sports by 58.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,079,701 shares of the company’s stock worth $6,673,000 after buying an additional 399,659 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd purchased a new stake in shares of Genius Sports during the fourth quarter worth approximately $21,961,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GENI. Citigroup initiated coverage on shares of Genius Sports in a report on Thursday, June 13th. They set a “buy” rating and a $9.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a research report on Tuesday, August 6th. Macquarie reduced their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Thursday, July 18th. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Genius Sports in a research report on Thursday, September 26th. Finally, The Goldman Sachs Group boosted their price target on shares of Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports currently has a consensus rating of “Buy” and a consensus target price of $9.45.

Genius Sports Stock Down 5.1 %

Shares of GENI stock opened at $7.44 on Wednesday. The stock’s 50-day moving average price is $7.35 and its 200 day moving average price is $6.12. The stock has a market capitalization of $1.71 billion, a PE ratio of -19.08 and a beta of 1.96. Genius Sports Limited has a 52-week low of $4.62 and a 52-week high of $8.64.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Genius Sports had a negative return on equity of 15.30% and a negative net margin of 21.93%. The company had revenue of $95.50 million for the quarter, compared to analysts’ expectations of $94.15 million. During the same quarter last year, the company earned ($0.05) EPS. Genius Sports’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts expect that Genius Sports Limited will post -0.2 earnings per share for the current fiscal year.

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.