Genius Sports Limited (NYSE:GENI) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Genius Sports Limited (NYSE:GENI) by 2,765,692.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 691,448 shares of the company’s stock after purchasing an additional 691,423 shares during the quarter. JPMorgan Chase & Co. owned about 0.30% of Genius Sports worth $5,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GENI. Vanguard Personalized Indexing Management LLC acquired a new position in Genius Sports during the 2nd quarter worth $67,000. Sound Income Strategies LLC acquired a new stake in Genius Sports in the third quarter worth about $78,000. Arkadios Wealth Advisors acquired a new stake in Genius Sports in the third quarter worth about $79,000. Captrust Financial Advisors bought a new position in Genius Sports in the 3rd quarter valued at about $84,000. Finally, Walleye Trading LLC increased its stake in Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after buying an additional 29,555 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Up 0.6 %

Shares of Genius Sports stock opened at $8.78 on Friday. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $10.33. The firm has a market capitalization of $2.01 billion, a PE ratio of -27.42 and a beta of 2.15. The stock’s fifty day moving average is $9.07 and its 200-day moving average is $7.74.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. During the same quarter in the previous year, the company earned ($0.06) EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts expect that Genius Sports Limited will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

GENI has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a report on Thursday. Macquarie increased 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. B. Riley boosted their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Citigroup upped their price objective on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Genius Sports in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Genius Sports currently has an average rating of “Moderate Buy” and an average target price of $10.94.

About Genius Sports

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.