Jump Financial LLC Has $3.76 Million Position in Genius Sports Limited $GENI

Jump Financial LLC cut its holdings in Genius Sports Limited (NYSE:GENI) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 361,228 shares of the company’s stock after selling 78,702 shares during the quarter. Jump Financial LLC’s holdings in Genius Sports were worth $3,757,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Quarry LP bought a new stake in Genius Sports during the 1st quarter worth about $37,000. CWM LLC lifted its position in shares of Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after purchasing an additional 2,920 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Genius Sports during the second quarter valued at approximately $75,000. Amalgamated Bank acquired a new stake in shares of Genius Sports in the second quarter valued at approximately $79,000. Finally, Jag Capital Management LLC bought a new position in Genius Sports in the 2nd quarter worth approximately $110,000. 81.91% of the stock is owned by institutional investors.

Genius Sports Trading Down 0.7%

NYSE GENI opened at $10.67 on Thursday. Genius Sports Limited has a 12 month low of $8.15 and a 12 month high of $13.73. The stock has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $11.18. The company has a market capitalization of $2.30 billion, a PE ratio of -22.71 and a beta of 1.94.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on GENI. Macquarie reiterated an “outperform” rating and issued a $15.00 price objective on shares of Genius Sports in a research report on Wednesday, November 5th. JMP Securities upped their price target on Genius Sports from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 3rd. Zacks Research upgraded Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a report on Monday. Finally, UBS Group set a $16.00 target price on shares of Genius Sports in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.05.

About Genius Sports

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.