Genius Sports Limited $GENI Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Genius Sports Limited (NYSE:GENI) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,557,178 shares of the company’s stock after acquiring an additional 339,792 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Genius Sports were worth $16,150,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GENI. Prelude Capital Management LLC boosted its stake in Genius Sports by 1.3% during the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock worth $1,146,000 after buying an additional 1,181 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after acquiring an additional 1,388 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in Genius Sports by 2.0% during the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after purchasing an additional 1,512 shares during the period. Main Management ETF Advisors LLC grew its stake in shares of Genius Sports by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock valued at $1,803,000 after buying an additional 1,672 shares during the period. Finally, First Dallas Securities Inc. increased its holdings in shares of Genius Sports by 3.0% during the 4th quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock worth $755,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BTIG Research reduced their price target on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. Weiss Ratings cut shares of Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Freedom Capital raised shares of Genius Sports to a “strong-buy” rating in a research note on Monday. Finally, Needham & Company LLC dropped their price objective on 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.44.

Genius Sports Price Performance

Shares of NYSE GENI opened at $6.68 on Wednesday. The stock’s 50-day moving average is $6.00 and its two-hundred day moving average is $6.24. Genius Sports Limited has a 1-year low of $3.83 and a 1-year high of $13.73. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -10.94 and a beta of 1.91.

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

About Genius Sports

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.