Steward Partners Investment Advisory LLC Grows Stock Holdings in Genius Sports Limited (NYSE:GENI)

Steward Partners Investment Advisory LLC boosted its position in Genius Sports Limited (NYSE:GENI) by 39.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,182 shares of the company’s stock after acquiring an additional 3,429 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Genius Sports were worth $105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Genius Sports during the 3rd quarter valued at approximately $84,000. Walleye Trading LLC grew its stake 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 acquiring an additional 29,555 shares during the period. Perigon Wealth Management LLC purchased a new stake in shares of Genius Sports during the 4th quarter valued at $136,000. Canton Hathaway LLC purchased a new stake in shares of Genius Sports during the 3rd quarter valued at $161,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Genius Sports by 26.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,535 shares of the company’s stock valued at $204,000 after buying an additional 4,873 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. Lake Street Capital upped their target price on shares of Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Citigroup boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Craig Hallum set a $15.00 target price on shares of Genius Sports in a research report on Tuesday, March 4th. Finally, Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.25.

Genius Sports Stock Performance

Genius Sports stock opened at $9.47 on Tuesday. The company has a 50 day moving average price of $9.09 and a 200 day moving average price of $8.53. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $10.33. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -29.58 and a beta of 2.14.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $175.53 million during the quarter, compared to analyst estimates of $175.52 million. During the same period in the prior year, the business posted ($0.10) EPS. Equities analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

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.