84,200 Shares in Genius Sports Limited (NYSE:GENI) Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division acquired a new position in Genius Sports Limited (NYSE:GENIGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 84,200 shares of the company’s stock, valued at approximately $189,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GENI. Schrum Private Wealth Management LLC bought a new stake in Genius Sports during the 1st quarter worth approximately $39,000. Bridgefront Capital LLC bought a new stake in Genius Sports during the 1st quarter worth approximately $65,000. US Bancorp DE bought a new stake in Genius Sports during the 1st quarter worth approximately $69,000. Exos Asset Management LLC raised its stake in Genius Sports by 37.5% during the 4th quarter. Exos Asset Management LLC now owns 17,697 shares of the company’s stock worth $134,000 after acquiring an additional 4,827 shares during the period. Finally, Kalos Management Inc. bought a new stake in Genius Sports during the 1st quarter worth approximately $99,000. Hedge funds and other institutional investors own 34.15% of the company’s stock.

Genius Sports Trading Down 4.0 %

GENI stock opened at $4.33 on Wednesday. The firm has a fifty day moving average price of $3.73 and a 200 day moving average price of $3.64. Genius Sports Limited has a fifty-two week low of $2.20 and a fifty-two week high of $19.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $970.47 million, a PE ratio of -4.92 and a beta of 1.28.

Genius Sports (NYSE:GENIGet Rating) last posted its earnings results on Tuesday, August 16th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.07. Genius Sports had a negative net margin of 54.23% and a negative return on equity of 25.86%. The firm had revenue of $71.12 million during the quarter, compared to analyst estimates of $64.70 million. During the same period last year, the firm posted ($0.69) earnings per share. Genius Sports’s revenue for the quarter was up 27.3% compared to the same quarter last year. Sell-side analysts anticipate that Genius Sports Limited will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GENI has been the topic of a number of recent analyst reports. Credit Suisse Group decreased their target price on shares of Genius Sports from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 17th. B. Riley lifted their price objective on shares of Genius Sports from $5.25 to $8.00 in a research report on Wednesday, August 17th. Needham & Company LLC lifted their price objective on shares of Genius Sports from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Citigroup reduced their price objective on shares of Genius Sports from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Genius Sports currently has an average rating of “Moderate Buy” and an average price target of $10.43.

Genius Sports Profile

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Genius Sports Limited develops and sells 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.

Further Reading

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

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