Rice Hall James & Associates LLC Cuts Holdings in Genius Sports Limited $GENI

Rice Hall James & Associates LLC lessened its holdings in Genius Sports Limited (NYSE:GENI) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 609,414 shares of the company’s stock after selling 113,606 shares during the period. Rice Hall James & Associates LLC owned about 0.28% of Genius Sports worth $7,545,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Genius Sports in the first quarter valued at approximately $37,000. CWM LLC lifted 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 buying an additional 2,920 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Genius Sports in the 2nd quarter valued at $75,000. Amalgamated Bank purchased a new stake in Genius Sports in the 2nd quarter worth $79,000. Finally, Jag Capital Management LLC acquired a new position in Genius Sports during the second quarter worth $110,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $10.89 on Friday. The stock’s 50 day simple moving average is $10.62 and its 200-day simple moving average is $11.27. The stock has a market cap of $2.34 billion, a P/E ratio of -23.16 and a beta of 1.94. Genius Sports Limited has a 1-year low of $8.15 and a 1-year high of $13.73.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The company had revenue of $166.28 million for the quarter, compared to analyst estimates of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. As a group, research analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GENI shares. Citigroup reissued a “market outperform” rating on shares of Genius Sports in a research note on Tuesday, December 16th. BTIG Research lifted their price objective on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. New Street Research set a $17.00 price objective on Genius Sports in a research note on Thursday, December 4th. UBS Group set a $16.00 target price on Genius Sports in a research report on Monday, December 8th. Finally, JMP Securities boosted their price target on Genius Sports from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.05.

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.