White Pine Capital LLC Has $2.34 Million Position in Genius Sports Limited (NYSE:GENI)

White Pine Capital LLC lessened its position in Genius Sports Limited (NYSE:GENI) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 270,192 shares of the company’s stock after selling 16,544 shares during the period. White Pine Capital LLC owned about 0.12% of Genius Sports worth $2,337,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GENI. FMR LLC increased its holdings in Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after purchasing an additional 2,507,165 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Genius Sports during the fourth quarter worth $11,292,000. Senvest Management LLC increased its stake in shares of 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. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Genius Sports by 2,765,692.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company’s stock worth $5,421,000 after buying an additional 691,423 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Up 4.1 %

Shares of Genius Sports stock opened at $9.70 on Friday. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $10.33. The business has a fifty day simple moving average of $8.96 and a 200 day simple moving average of $8.19. The stock has a market cap of $2.09 billion, a PE ratio of -30.30 and a beta of 2.15.

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

Analyst Upgrades and Downgrades

GENI has been the subject of several research reports. Oppenheimer raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Citigroup raised their price target 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. B. Riley upped their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group increased their price objective on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $12.00 target price on shares of Genius Sports in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.28.

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.