Genius Sports Limited $GENI Shares Purchased by Needham Investment Management LLC

Needham Investment Management LLC increased its holdings in shares of Genius Sports Limited (NYSE:GENI) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,690,000 shares of the company’s stock after purchasing an additional 210,000 shares during the quarter. Genius Sports accounts for about 1.9% of Needham Investment Management LLC’s investment portfolio, making the stock its 12th largest holding. Needham Investment Management LLC owned approximately 1.25% of Genius Sports worth $29,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Prelude Capital Management LLC increased its position in Genius Sports by 1.3% during the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock worth $1,146,000 after purchasing an additional 1,181 shares in the last quarter. Cetera Investment Advisers increased its position in Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC increased its position in 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 purchasing an additional 1,512 shares in the last quarter. Main Management ETF Advisors LLC increased its position in Genius Sports by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,672 shares in the last quarter. Finally, First Dallas Securities Inc. grew its position in Genius Sports by 3.0% in the fourth quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock valued at $755,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GENI shares. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research report on Thursday, March 5th. Needham & Company LLC lowered their price objective on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Genius Sports in a research report on Monday, May 11th. They issued a “buy” rating and a $10.00 price objective for the company. Citigroup lowered their price objective on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Truist Financial lowered their price objective on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.68.

Genius Sports Trading Up 0.6%

Genius Sports stock opened at $6.89 on Tuesday. The stock has a market cap of $1.70 billion, a P/E ratio of -11.30 and a beta of 1.89. The stock has a 50 day moving average of $5.04 and a 200-day moving average of $7.05. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73.

Genius Sports (NYSE:GENI) last released its earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The business had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) earnings per share. As a group, equities analysts predict that Genius Sports Limited will post -0.12 earnings per share for the current fiscal year.

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.