Exchange Traded Concepts LLC Has $3.41 Million Stock Holdings in Genius Sports Limited (NYSE:GENI)

Exchange Traded Concepts LLC boosted its holdings in shares of Genius Sports Limited (NYSE:GENI) by 34.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 394,175 shares of the company’s stock after buying an additional 100,350 shares during the period. Exchange Traded Concepts LLC owned approximately 0.17% of Genius Sports worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GENI. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Genius Sports in the second quarter worth $67,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the 3rd quarter worth about $78,000. Arkadios Wealth Advisors acquired a new stake in shares of Genius Sports during the 3rd quarter valued at about $79,000. Captrust Financial Advisors bought a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $84,000. Finally, Walleye Trading LLC increased its holdings in Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after buying an additional 29,555 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GENI. Citigroup increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Citizens Jmp downgraded shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Benchmark boosted their price target on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of Genius Sports in a research note on Friday, January 17th. Finally, The Goldman Sachs Group raised their price objective on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.28.

Genius Sports Stock Down 0.2 %

GENI opened at $8.84 on Friday. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $10.33. The firm has a market capitalization of $2.03 billion, a P/E ratio of -27.63 and a beta of 2.15. The stock’s 50 day moving average price is $9.08 and its two-hundred day moving average price is $7.91.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. Genius Sports’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current year.

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.