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

JPMorgan Chase & Co. lifted its stake in Genius Sports Limited (NYSE:GENI) by 79.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,293,172 shares of the company’s stock after purchasing an additional 572,607 shares during the period. JPMorgan Chase & Co.’s holdings in Genius Sports were worth $16,009,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its position in Genius Sports by 9.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock worth $175,000 after buying an additional 1,177 shares during the period. Prelude Capital Management LLC lifted its position in shares of Genius Sports by 1.3% during the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,181 shares during the period. Cetera Investment Advisers lifted its position in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after acquiring an additional 1,388 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Advisory Research Inc. grew its holdings in shares of Genius Sports by 3.7% in the 3rd quarter. Advisory Research Inc. now owns 82,675 shares of the company’s stock worth $1,024,000 after acquiring an additional 2,924 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

GENI has been the subject of several research analyst reports. New Street Research set a $17.00 price objective on Genius Sports in a research note on Thursday, December 4th. BTIG Research decreased their target price on Genius Sports from $16.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Citigroup lowered their target price on Genius Sports from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Guggenheim dropped their price target on Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Northland Securities set a $12.00 price objective on shares of Genius Sports in a research report on Friday, February 6th. Three 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.84.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $4.40 on Friday. Genius Sports Limited has a 1 year low of $4.39 and a 1 year high of $13.73. The business has a 50 day moving average price of $6.64 and a 200 day moving average price of $9.60. The company has a market capitalization of $947.87 million, a P/E ratio of -10.24 and a beta of 1.91.

Genius Sports (NYSE:GENI) last announced its earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $240.50 million for the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. Genius Sports’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) EPS. As a group, research analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Genius Sports 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.