Genius Sports Limited $GENI Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Genius Sports Limited (NYSE:GENI) by 40.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,875 shares of the company’s stock after purchasing an additional 19,971 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Genius Sports were worth $716,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Leavell Investment Management Inc. grew its stake in Genius Sports by 41.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 30,548 shares of the company’s stock worth $318,000 after buying an additional 8,923 shares during the last quarter. Stephens Investment Management Group LLC acquired a new position in shares of Genius Sports during the second quarter valued at $7,843,000. Cookson Peirce & Co. Inc. grew its position in shares of Genius Sports by 4.5% during the second quarter. Cookson Peirce & Co. Inc. now owns 335,538 shares of the company’s stock worth $3,490,000 after acquiring an additional 14,438 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Genius Sports in the 2nd quarter worth about $75,000. Finally, IFC Advisors LLC lifted its position in Genius Sports by 5.0% in the 2nd quarter. IFC Advisors LLC now owns 2,871,110 shares of the company’s stock valued at $29,860,000 after purchasing an additional 135,955 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research cut shares of Genius Sports from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Guggenheim set a $16.00 price objective on Genius Sports and gave the stock a “buy” rating in a research report on Thursday, August 7th. The Goldman Sachs Group increased their price objective on Genius Sports from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Genius Sports in a research note on Tuesday, November 4th. Finally, Benchmark boosted their price target on Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Genius Sports has a consensus rating of “Moderate Buy” and an average price target of $14.11.

Genius Sports Price Performance

NYSE GENI opened at $9.08 on Monday. Genius Sports Limited has a 12 month low of $8.15 and a 12 month high of $13.73. The firm has a market capitalization of $1.95 billion, a PE ratio of -19.32 and a beta of 1.84. The company’s 50 day simple moving average is $11.47 and its 200 day simple moving average is $11.16.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. Genius Sports has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

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.