Capital Research Global Investors Has $97.42 Million Holdings in Genius Sports Limited $GENI

Capital Research Global Investors lessened its holdings in Genius Sports Limited (NYSE:GENI) by 43.6% during the 3rd quarter, Holdings Channel reports. The firm owned 7,869,105 shares of the company’s stock after selling 6,079,556 shares during the period. Capital Research Global Investors’ holdings in Genius Sports were worth $97,420,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Genius Sports by 9.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock worth $175,000 after buying an additional 1,177 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after buying an additional 1,388 shares during the period. SkyView Investment Advisors LLC boosted its stake in Genius Sports by 2.0% in the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after acquiring an additional 1,512 shares during the last quarter. Main Management ETF Advisors LLC boosted its stake in Genius Sports by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 145,846 shares of the company’s stock valued at $1,517,000 after acquiring an additional 2,376 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Genius Sports by 8.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 33,120 shares of the company’s stock worth $344,000 after acquiring an additional 2,532 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Price Performance

NYSE:GENI opened at $5.22 on Thursday. The business’s 50-day simple moving average is $7.90 and its 200-day simple moving average is $10.21. Genius Sports Limited has a fifty-two week low of $4.96 and a fifty-two week high of $13.73. The stock has a market capitalization of $1.12 billion, a PE ratio of -12.13 and a beta of 1.91.

Genius Sports (NYSE:GENI) last posted its earnings results on Wednesday, March 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The business had revenue of $240.50 million for the quarter, compared to the consensus estimate of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.Genius Sports’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) earnings per share. On average, research analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

GENI has been the topic of a number of analyst reports. Northland Securities set a $12.00 price target on Genius Sports in a research note on Friday, February 6th. Citigroup decreased their price objective on Genius Sports from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Stifel Nicolaus dropped their price objective on Genius Sports from $10.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Oppenheimer dropped their price objective on Genius Sports from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Finally, BTIG Research reduced their target price on Genius Sports from $16.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and an average price target of $12.84.

Genius Sports Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.