JPMorgan Chase & Co. Increases Holdings in Genius Sports Limited $GENI

JPMorgan Chase & Co. boosted its stake in shares of Genius Sports Limited (NYSE:GENI) by 79.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,293,172 shares of the company’s stock after buying an additional 572,607 shares during the period. JPMorgan Chase & Co. owned 0.60% of Genius Sports worth $16,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in shares of Genius Sports by 275.5% during the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after acquiring an additional 2,920 shares during the last quarter. Strs Ohio raised its stake in Genius Sports by 178.9% during the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after purchasing an additional 3,400 shares during the period. Amalgamated Bank acquired a new position in Genius Sports in the 2nd quarter valued at about $79,000. Bessemer Group Inc. grew its stake in shares of Genius Sports by 1,163.1% in the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after buying an additional 6,455 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after buying an additional 4,477 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Up 1.6%

GENI opened at $6.48 on Wednesday. Genius Sports Limited has a 52 week low of $5.68 and a 52 week high of $13.73. The business has a fifty day simple moving average of $8.56 and a 200-day simple moving average of $10.49. The firm has a market cap of $1.39 billion, a P/E ratio of -13.78 and a beta of 1.91.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Oppenheimer decreased their price objective on Genius Sports from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Northland Securities set a $12.00 target price on Genius Sports in a research report on Friday, February 6th. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research note on Friday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of Genius Sports in a report on Thursday, December 4th. Finally, Guggenheim reduced their price objective on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Genius Sports presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.40.

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.