Gerber Kawasaki Wealth & Investment Management Has $1.61 Million Position in Genius Sports Limited $GENI

Gerber Kawasaki Wealth & Investment Management boosted its holdings in Genius Sports Limited (NYSE:GENI) by 73.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,160 shares of the company’s stock after purchasing an additional 65,541 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 0.07% of Genius Sports worth $1,614,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Global Alpha Capital Management Ltd. purchased a new stake in shares of Genius Sports in the second quarter worth approximately $43,552,000. Invesco Ltd. grew its stake in shares of Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after acquiring an additional 3,202,290 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Genius Sports in the first quarter valued at about $28,280,000. Geode Capital Management LLC bought a new position in shares of Genius Sports during the second quarter valued at about $27,312,000. Finally, Millennium Management LLC grew its position in Genius Sports by 1,579.0% in the 1st quarter. Millennium Management LLC now owns 2,766,206 shares of the company’s stock worth $27,690,000 after purchasing an additional 2,601,453 shares in the last quarter. 81.91% of the stock is owned by institutional investors.

Genius Sports Stock Performance

Shares of NYSE GENI opened at $10.83 on Monday. Genius Sports Limited has a fifty-two week low of $8.15 and a fifty-two week high of $13.73. The stock has a market cap of $2.33 billion, a PE ratio of -23.04 and a beta of 1.94. The stock has a fifty day moving average of $10.98 and a 200-day moving average of $11.18.

Genius Sports (NYSE:GENI) last posted its earnings results 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 analysts’ expectations of $156.24 million. Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. On average, sell-side analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

GENI has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Guggenheim set a $17.00 target price on shares of Genius Sports in a research report on Thursday. Macquarie restated an “outperform” rating and set a $15.00 price target on shares of Genius Sports in a research note on Wednesday, November 5th. Zacks Research upgraded Genius Sports from a “strong sell” rating to a “hold” rating in a research note on Thursday. Finally, New Street Research set a $17.00 target price on Genius Sports in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and an average price target of $14.90.

Genius Sports Profile

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.