1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its position in Genius Sports Limited ( NYSE:GENI – Free Report ) by 138.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 1,649,007 shares of the company’s stock after purchasing an additional 957,559 shares during the quarter. JPMorgan Chase & Co.’s holdings in Genius Sports were worth $14,264,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Genius Sports during the 4th quarter valued at about $12,332,000.
Perigon Wealth Management LLC purchased a new position in shares of Genius Sports in the fourth quarter valued at approximately $136,000. D.A.
Davidson & CO. increased its stake in Genius Sports by 2.7% during the 4th quarter.
D.A. Davidson & CO.
now owns 53,608 shares of the company’s stock worth $464,000 after buying an additional 1,396 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Genius Sports during the 4th quarter worth approximately $11,292,000. Finally, Harbor Capital Advisors Inc.
boosted its position in Genius Sports by 56.2% in the 4th quarter. Harbor Capital Advisors Inc.
now owns 491,314 shares of the company’s stock valued at $4,250,000 after buying an additional 176,845 shares during the period. 81.91% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades A number of research analysts recently issued reports on the company. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Benchmark upped their target price on shares of Genius Sports from $11.
00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Guggenheim started coverage on shares of Genius Sports in a research report on Tuesday, March 18th.
They issued a “buy” rating and a $12.00 price objective on the stock. Lake Street Capital increased their target price on Genius Sports from $10.
50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and set 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 ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Genius Sports presently has a consensus rating of “Moderate Buy” and an average price target of $12.
23. Genius Sports Stock Performance Shares of GENI stock opened at $9.56 on Friday.
Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $11.16.
The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -29.87 and a beta of 1.
98. The stock’s 50-day moving average is $9.49 and its two-hundred day moving average is $8.
84. Genius Sports ( NYSE:GENI – Get Free Report ) last released its quarterly earnings results on Tuesday, March 4th. The company reported ($0.
12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16).
Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%.
The firm had revenue of $175.53 million for the quarter, compared to analysts’ expectations of $175.52 million.
During the same quarter in the prior year, the business earned ($0.10) EPS. As a group, research analysts predict that Genius Sports Limited will post -0.
1 EPS for the current year. Genius Sports Profile ( Free Report ) 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.
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