New York State Common Retirement Fund Buys 781,411 Shares of Genius Sports Limited $GENI

New York State Common Retirement Fund increased its stake in shares of Genius Sports Limited (NYSE:GENI) by 395.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 979,000 shares of the company’s stock after purchasing an additional 781,411 shares during the quarter. New York State Common Retirement Fund owned 0.45% of Genius Sports worth $12,120,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GENI. Hodges Capital Management Inc. boosted its holdings in Genius Sports by 351.7% during the 2nd quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock valued at $10,101,000 after acquiring an additional 756,235 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Genius Sports by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,006,277 shares of the company’s stock worth $36,316,000 after purchasing an additional 117,591 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of Genius Sports during the third quarter valued at $10,153,000. Stephens Investment Management Group LLC boosted its stake in shares of Genius Sports by 341.6% during the third quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company’s stock valued at $41,231,000 after purchasing an additional 2,576,329 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of Genius Sports in the second quarter worth about $5,200,000. 81.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GENI shares. Citizens Jmp lifted their price objective on shares of Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a report on Thursday, December 4th. Citigroup reiterated a “market outperform” rating on shares of Genius Sports in a report on Tuesday, December 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a report on Monday, December 29th. Zacks Research upgraded Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Genius Sports in a research note on Thursday, December 4th. 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Genius Sports Trading Down 3.5%

Shares of NYSE:GENI opened at $8.40 on Tuesday. The company has a market capitalization of $1.81 billion, a PE ratio of -17.86 and a beta of 1.81. Genius Sports Limited has a 12-month low of $8.15 and a 12-month high of $13.73. The business’s fifty day simple moving average is $10.35 and its 200-day simple moving average is $11.28.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data 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). Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. The company had revenue of $166.28 million for the quarter, compared to the consensus estimate of $156.24 million. Research analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

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.