Genius Sports Limited (NYSE:GENI) Shares Acquired by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. increased its holdings in shares of Genius Sports Limited (NYSE:GENI) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 840,394 shares of the company’s stock after purchasing an additional 85,638 shares during the period. Genius Sports makes up 1.9% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 25th biggest position. Wilson Asset Management International PTY Ltd.’s holdings in Genius Sports were worth $7,269,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GENI. FMR LLC raised its holdings in shares of Genius Sports by 53.2% during the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock worth $56,604,000 after purchasing an additional 2,507,165 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Genius Sports in the fourth quarter valued at $12,332,000. Allspring Global Investments Holdings LLC purchased a new position in Genius Sports in the fourth quarter valued at $11,292,000. Senvest Management LLC increased its holdings in Genius Sports by 12.2% in 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Genius Sports by 10.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock valued at $58,959,000 after buying an additional 691,539 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Up 2.1 %

GENI opened at $9.42 on Wednesday. The firm has a market capitalization of $2.03 billion, a PE ratio of -29.42 and a beta of 2.14. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $10.33. The firm’s 50-day moving average price is $9.05 and its 200 day moving average price is $8.49.

Genius Sports (NYSE:GENI) last posted its quarterly 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 business 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 quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GENI shares. Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a report on Wednesday, March 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. Citigroup lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Lake Street Capital lifted their target price on shares of Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Benchmark lifted their target price on shares of Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.25.

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.