Yorktown Management & Research Co Inc Acquires New Holdings in Genius Sports Limited (NYSE:GENI)

Yorktown Management & Research Co Inc purchased a new stake in Genius Sports Limited (NYSE:GENIFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 62,700 shares of the company’s stock, valued at approximately $542,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Genius Sports in the third quarter valued at approximately $532,000. Millrace Asset Group Inc. acquired a new position in Genius Sports during the third quarter worth $1,897,000. Senvest Management LLC boosted its holdings in Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after purchasing an additional 819,385 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Genius Sports by 2,765,692.0% during the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company’s stock worth $5,421,000 after purchasing an additional 691,423 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Genius Sports by 56.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company’s stock worth $4,250,000 after purchasing an additional 176,845 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of GENI opened at $9.49 on Wednesday. The company’s 50-day moving average is $9.05 and its 200-day moving average is $8.08. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $10.33.

Genius Sports (NYSE:GENIGet Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. During the same period in the prior year, the company posted ($0.06) earnings per share. Genius Sports’s revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on GENI. JMP Securities restated a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. Citigroup upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Macquarie upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Benchmark upped their price target on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, B. Riley upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.28.

Check Out Our Latest Analysis on GENI

About Genius Sports

(Free Report)

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.

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Institutional Ownership by Quarter for Genius Sports (NYSE:GENI)

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