Genius Sports Limited $GENI Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Genius Sports Limited (NYSE:GENI) by 65.7% during the first quarter, HoldingsChannel.com reports. The firm owned 3,909,945 shares of the company’s stock after acquiring an additional 1,549,816 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Genius Sports were worth $17,321,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. purchased a new stake in shares of Genius Sports during the 4th quarter valued at $63,000. Victory Financial Group LLC purchased a new position in shares of Genius Sports in the 4th quarter worth $113,000. Osaic Holdings Inc. raised its position in shares of Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after buying an additional 4,477 shares during the period. Orion Porfolio Solutions LLC acquired a new position in Genius Sports in the second quarter valued at $112,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Genius Sports in the fourth quarter valued at $129,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Trading Up 6.9%

GENI opened at $6.62 on Tuesday. Genius Sports Limited has a twelve month low of $3.83 and a twelve month high of $13.73. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -10.85 and a beta of 1.91. The company has a fifty day simple moving average of $5.76 and a 200 day simple moving average of $6.43.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The firm had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, analysts forecast that Genius Sports Limited will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on GENI. Roth Capital set a $10.00 price target on Genius Sports in a research note on Friday, May 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Stifel Nicolaus dropped their target price on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Citigroup cut their price target on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Weiss Ratings raised shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

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.