1,328,508 Shares in Genius Sports Limited (NYSE:GENI) Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC bought a new position in Genius Sports Limited (NYSE:GENI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,328,508 shares of the company’s stock, valued at approximately $11,292,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Genius Sports during the 3rd quarter worth $532,000. Senvest Management LLC grew its position in Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after buying an additional 819,385 shares during the period. Millrace Asset Group Inc. bought a new position in Genius Sports during the third quarter valued at about $1,897,000. JPMorgan Chase & Co. grew its position in Genius Sports by 2,765,692.0% during the third 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 during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of Genius Sports by 56.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company’s stock valued at $4,250,000 after acquiring an additional 176,845 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Genius Sports in a report on Friday, January 17th. The Goldman Sachs Group raised their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, B. Riley raised their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.28.

Genius Sports Stock Up 1.6 %

Shares of GENI stock opened at $9.85 on Tuesday. The stock has a fifty day moving average of $8.97 and a 200 day moving average of $8.25. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -30.77 and a beta of 2.15. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $10.33.

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.