Sei Investments Co. Grows Stock Position in Genius Sports Limited (NYSE:GENI)

Sei Investments Co. grew its position in shares of Genius Sports Limited (NYSE:GENI) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 338,187 shares of the company’s stock after buying an additional 52,881 shares during the period. Sei Investments Co. owned 0.16% of Genius Sports worth $2,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Genius Sports in the 4th quarter valued at approximately $253,000. Wilson Asset Management International PTY Ltd. grew its position in shares of Genius Sports by 11.3% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 840,394 shares of the company’s stock valued at $7,269,000 after purchasing an additional 85,638 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Genius Sports by 66.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 37,430 shares of the company’s stock valued at $324,000 after purchasing an additional 14,965 shares during the period. Raymond James Financial Inc. purchased a new stake in Genius Sports during the 4th quarter worth about $12,332,000. Finally, Aigen Investment Management LP purchased a new position in Genius Sports during the 4th quarter valued at about $163,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

GENI stock opened at $8.81 on Friday. The company has a market capitalization of $1.90 billion, a PE ratio of -27.52 and a beta of 2.14. Genius Sports Limited has a one year low of $4.91 and a one year high of $11.16. The company’s 50 day moving average price is $9.45 and its two-hundred day moving average price is $8.78.

Genius Sports (NYSE:GENI) 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 business had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period in the prior year, the firm earned ($0.10) earnings per share. On average, research analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

GENI has been the subject of several recent analyst reports. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research note on Tuesday, March 4th. Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. B. Riley assumed coverage on Genius Sports in a research note on Tuesday, March 18th. They set a “buy” rating for the company. JMP Securities restated a “market outperform” rating and issued a $11.00 target price on shares of Genius Sports in a research note on Monday, January 27th. Finally, The Goldman Sachs Group raised their price target on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, March 5th. One equities 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.23.

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.