Legal & General Group Plc Has $5.48 Million Position in Genius Sports Limited $GENI

Legal & General Group Plc lifted its stake in shares of Genius Sports Limited (NYSE:GENI) by 20.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 526,798 shares of the company’s stock after buying an additional 87,737 shares during the quarter. Legal & General Group Plc owned about 0.24% of Genius Sports worth $5,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP acquired a new stake in Genius Sports during the first quarter worth approximately $37,000. CWM LLC increased its stake in shares of Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after purchasing an additional 2,920 shares during the period. FNY Investment Advisers LLC acquired a new stake in Genius Sports during the 2nd quarter worth approximately $75,000. Amalgamated Bank acquired a new stake in Genius Sports during the 2nd quarter worth approximately $79,000. Finally, Jag Capital Management LLC bought a new stake in Genius Sports in the 2nd quarter valued at $110,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analyst Upgrades and Downgrades

GENI has been the topic of several recent research reports. Benchmark increased their price objective on Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. New Street Research set a $17.00 price target on shares of Genius Sports in a research note on Thursday. BTIG Research lifted their price objective on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on shares of Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group increased their target price on shares of Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Genius Sports presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.75.

Genius Sports Stock Down 0.8%

GENI opened at $11.23 on Friday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -23.89 and a beta of 1.94. Genius Sports Limited has a twelve month low of $8.15 and a twelve month high of $13.73. The company has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $11.15.

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