Allspring Global Investments Holdings LLC Takes Position in Genius Sports Limited (NYSE:GENI)

Allspring Global Investments Holdings LLC bought a new stake in Genius Sports Limited (NYSE:GENI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,328,508 shares of the company’s stock, valued at approximately $11,292,000. Allspring Global Investments Holdings LLC owned about 0.58% of Genius Sports at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GENI. FMR LLC boosted its stake in shares of Genius Sports by 53.2% in the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after buying an additional 2,507,165 shares during the period. Senvest Management LLC boosted 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 during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Genius Sports by 10.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock worth $58,959,000 after purchasing an additional 691,539 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Genius Sports by 2,765,692.0% in the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company’s stock worth $5,421,000 after purchasing an additional 691,423 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in Genius Sports in the third quarter valued at about $2,772,000. 81.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GENI shares. JMP Securities reissued a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a research note on Monday, January 27th. Macquarie lifted their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Benchmark upped their price objective on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, B. Riley upped their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.28.

Genius Sports Trading Up 1.6 %

GENI stock opened at $9.85 on Tuesday. The stock has a 50-day moving average price of $8.97 and a 200-day moving average price of $8.25. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.33. The firm has a market cap of $2.12 billion, a PE ratio of -30.77 and a beta of 2.15.

Genius Sports 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.