Genius Sports Limited $GENI Stock Position Decreased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lessened its holdings in shares of Genius Sports Limited (NYSE:GENI) by 76.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,150 shares of the company’s stock after selling 259,266 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Genius Sports were worth $883,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Genius Sports by 79.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock valued at $16,009,000 after buying an additional 572,607 shares during the last quarter. Penn Capital Management Company LLC grew its position in shares of Genius Sports by 2,593.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock valued at $15,116,000 after buying an additional 1,174,431 shares during the last quarter. Quent Capital LLC bought a new position in Genius Sports in the 4th quarter worth about $2,840,000. UBS Group AG grew its position in Genius Sports by 45.1% in the 4th quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock worth $43,804,000 after purchasing an additional 1,235,352 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in Genius Sports by 82.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after purchasing an additional 2,647,948 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

GENI has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports in a research report on Monday, May 11th. They issued a “buy” rating and a $10.00 target price for the company. Oppenheimer decreased their target price on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. UBS Group reaffirmed a “buy” rating on shares of Genius Sports in a research note on Wednesday, March 4th. Finally, Needham & Company LLC reduced their price target on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.68.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $5.91 on Monday. The company has a market cap of $1.45 billion, a PE ratio of -9.68 and a beta of 1.89. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73. The firm has a 50 day simple moving average of $4.76 and a 200 day simple moving average of $7.15.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The company had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. On average, equities analysts predict that Genius Sports Limited will post -0.12 earnings per share for the current year.

Genius Sports Company 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.