Genius Sports Limited (NYSE:GENI) Holdings Trimmed by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its holdings in Genius Sports Limited (NYSE:GENI) by 17.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 834,149 shares of the company’s stock after selling 178,800 shares during the period. Rice Hall James & Associates LLC’s holdings in Genius Sports were worth $6,540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. AYAL Capital Advisors Ltd acquired a new stake in Genius Sports during the 2nd quarter worth about $4,635,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Genius Sports by 25.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,503,563 shares of the company’s stock worth $48,555,000 after purchasing an additional 1,702,602 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in shares of Genius Sports by 6.0% during the second quarter. Hood River Capital Management LLC now owns 2,026,873 shares of the company’s stock worth $11,046,000 after purchasing an additional 114,490 shares during the period. Squarepoint Ops LLC purchased a new position in Genius Sports during the second quarter valued at approximately $1,804,000. Finally, Bank of Montreal Can acquired a new position in Genius Sports in the 2nd quarter valued at approximately $6,575,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

GENI opened at $6.85 on Friday. Genius Sports Limited has a twelve month low of $4.62 and a twelve month high of $8.64. The business has a 50 day moving average price of $7.53 and a 200 day moving average price of $6.36.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GENI shares. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Genius Sports in a research note on Friday, October 11th. The Goldman Sachs Group boosted their target price on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Thursday, August 8th. Macquarie cut their price target on Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. B. Riley boosted their price target on Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a report on Tuesday, August 6th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Genius Sports currently has a consensus rating of “Buy” and a consensus target price of $9.45.

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.