Genius Sports Limited $GENI Shares Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC raised its holdings in Genius Sports Limited (NYSE:GENI) by 76.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 489,835 shares of the company’s stock after acquiring an additional 212,360 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Genius Sports were worth $5,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Genius Sports in the 3rd quarter valued at about $65,000. Strs Ohio lifted its holdings in Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after acquiring an additional 3,400 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Genius Sports by 1,163.1% in the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after acquiring an additional 6,455 shares during the last quarter. CWM LLC lifted its stake in Genius Sports by 106.3% during the third quarter. CWM LLC now owns 8,209 shares of the company’s stock valued at $102,000 after buying an additional 4,229 shares in the last quarter. Finally, Victory Financial Group LLC purchased a new stake in Genius Sports during the fourth quarter valued at about $113,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on GENI shares. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research note on Friday, February 6th. Wells Fargo & Company reduced their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Guggenheim reduced their price objective on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Stifel Nicolaus reduced their price objective on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Finally, Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Genius Sports Stock Performance

NYSE:GENI opened at $4.36 on Friday. The stock’s 50 day moving average price is $4.91 and its 200 day moving average price is $8.21. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73. The company has a market capitalization of $1.07 billion, a P/E ratio of -10.13 and a beta of 1.80.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The firm had revenue of $240.50 million during the quarter, compared to analyst estimates of $234.94 million. During the same quarter in the prior year, the company posted ($0.12) EPS. The company’s quarterly revenue was up 37.0% on a year-over-year basis.

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.