1 week Ago By Defense World Staff
JPMorgan Chase & Co. increased its position in shares of Genius Sports Limited ( NYSE:GENI – Free Report ) by 138.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 1,649,007 shares of the company’s stock after buying an additional 957,559 shares during the period. JPMorgan Chase & Co. owned 0.
77% of Genius Sports worth $14,264,000 as of its most recent filing with the SEC. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Genius Sports during the 3rd quarter valued at about $84,000.
Steward Partners Investment Advisory LLC boosted its position in Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares in the last quarter.
Perigon Wealth Management LLC acquired a new stake in Genius Sports in the fourth quarter valued at approximately $136,000. Aigen Investment Management LP purchased a new stake in shares of Genius Sports in the fourth quarter valued at approximately $163,000. Finally, Emerald Advisers LLC acquired a new position in shares of Genius Sports during the 4th quarter worth approximately $198,000.
Institutional investors and hedge funds own 81.91% of the company’s stock. Analyst Ratings Changes Several equities research analysts recently commented on GENI shares.
The Goldman Sachs Group boosted their price target on shares of Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, March 5th.
Lake Street Capital lifted their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th.
B. Riley initiated coverage on Genius Sports in a report on Tuesday, March 18th. They set a “buy” rating for the company.
JMP Securities reaffirmed a “market outperform” rating and issued a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. Finally, Guggenheim started coverage on Genius Sports in a research note on Tuesday, March 18th.
They issued a “buy” rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company.
Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.23. Genius Sports Trading Up 0.
7 % Shares of GENI opened at $9.56 on Friday. Genius Sports Limited has a 12-month low of $4.
91 and a 12-month high of $11.16. The firm has a market capitalization of $2.
06 billion, a P/E ratio of -29.87 and a beta of 1.98.
The firm has a 50-day moving average price of $9.49 and a 200 day moving average price of $8.84.
Genius Sports ( NYSE:GENI – Get Free Report ) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.
04 by ($0.16). The firm had revenue of $175.
53 million during the quarter, compared to analysts’ expectations of $175.52 million. Genius Sports had a negative net margin of 15.
84% and a negative return on equity of 14.11%. During the same period last year, the company earned ($0.
10) EPS. Equities research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal 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. Recommended Stories Five stocks we like better than Genius Sports Best Aerospace Stocks Investing Robinhood Strategies Could Be a Game-Changer for Young Investors Growth Investing: Should You Adopt This Investing Strategy in 2022? Are These 3 Retail Stocks Oversold or Really in Trouble? What is a Death Cross in Stocks? IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Want to see what other hedge funds are holding GENI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Genius Sports Limited ( NYSE:GENI – Free Report ). Receive News & Ratings for Genius Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genius Sports and related companies with MarketBeat.com's FREE daily email newsletter .
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