Sumitomo Mitsui Trust Group Inc. Sells 944,357 Shares of Genius Sports Limited (NYSE:GENI)

Sumitomo Mitsui Trust Group Inc. lessened its position in Genius Sports Limited (NYSE:GENI) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,733,342 shares of the company’s stock after selling 944,357 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 2.50% of Genius Sports worth $49,593,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in Genius Sports in the 3rd quarter worth $78,000. Arkadios Wealth Advisors bought a new stake in Genius Sports in the third quarter valued at $79,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports during the 3rd quarter worth about $84,000. Walleye Trading LLC raised its stake in shares of Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after acquiring an additional 29,555 shares during the last quarter. Finally, Fullcircle Wealth LLC acquired a new position in Genius Sports in the third quarter worth $118,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Stock Up 1.0 %

NYSE GENI opened at $9.18 on Tuesday. The firm’s 50 day moving average is $9.00 and its 200-day moving average is $8.15. The company has a market capitalization of $1.97 billion, a PE ratio of -28.67 and a beta of 2.15. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $10.33.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GENI shares. B. Riley upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of Genius Sports in a research report on Friday, January 17th. Oppenheimer boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Benchmark increased their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $11.00 price target on shares of Genius Sports in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.28.

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.