Genius Sports Limited $GENI Stake Increased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC increased its stake in Genius Sports Limited (NYSE:GENI) by 76.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 489,835 shares of the company’s stock after buying an additional 212,360 shares during the period. Robertson Stephens Wealth Management LLC owned about 0.23% of Genius Sports worth $5,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Genius Sports in the third quarter worth $65,000. Strs Ohio increased its stake in shares of Genius Sports by 178.9% in the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after buying an additional 3,400 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Genius Sports by 1,163.1% in the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after buying an additional 6,455 shares during the last quarter. CWM LLC increased its stake in shares of Genius Sports by 106.3% in the third quarter. CWM LLC now owns 8,209 shares of the company’s stock worth $102,000 after buying an additional 4,229 shares during the last quarter. Finally, Victory Financial Group LLC bought a new stake in shares of Genius Sports in the fourth quarter worth $113,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 0.1%

Shares of GENI opened at $4.36 on Friday. The firm has a 50-day moving average price of $4.91 and a 200 day moving average price of $8.21. The firm has a market capitalization of $1.07 billion, a PE ratio of -10.13 and a beta of 1.80. Genius Sports Limited has a 52-week low of $3.83 and a 52-week high of $13.73.

Genius Sports (NYSE:GENI) last announced its earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $240.50 million during the quarter, compared to the consensus estimate of $234.94 million. Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The business’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Guggenheim dropped their price target on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, February 6th. UBS Group reiterated a “buy” rating on shares of Genius Sports in a research note on Wednesday, March 4th. Wells Fargo & Company lowered their target price on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Citigroup lowered their target price on shares of Genius Sports from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Truist Financial lowered their target price on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.50.

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.