Belpointe Asset Management LLC Takes Position in Genius Sports Limited (NYSE:GENI)

Belpointe Asset Management LLC bought a new stake in shares of Genius Sports Limited (NYSE:GENI – Get Rating) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,842 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MBE Wealth Management LLC boosted its stake in shares of Genius Sports by 51.2% during the 4th quarter. MBE Wealth Management LLC now owns 23,465 shares of the company’s stock valued at $84,000 after buying an additional 7,950 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Genius Sports by 45.2% during the first quarter. Gamco Investors INC. ET AL now owns 37,900 shares of the company’s stock worth $174,000 after purchasing an additional 11,800 shares during the last quarter. Bridgefront Capital LLC bought a new position in Genius Sports during the first quarter worth $65,000. Cookson Peirce & Co. Inc. lifted its stake in Genius Sports by 7.3% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 212,212 shares of the company’s stock worth $758,000 after purchasing an additional 14,409 shares during the last quarter. Finally, US Bancorp DE bought a new position in Genius Sports during the first quarter worth $69,000. 34.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GENI shares. Lake Street Capital started coverage on Genius Sports in a research report on Thursday. They issued a “buy” rating and a $7.00 target price on the stock. Credit Suisse Group dropped their target price on Genius Sports from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Monday, March 13th. BTIG Research initiated coverage on Genius Sports in a research report on Monday, March 20th. They issued a “buy” rating and a $6.00 target price on the stock. JMP Securities reissued a “market outperform” rating and set a $7.00 price target on shares of Genius Sports in a report on Thursday, April 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Genius Sports in a report on Monday, March 13th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $7.00.

Genius Sports Stock Up 4.2 %

NYSE:GENI opened at $5.50 on Friday. The business’s 50-day moving average price is $4.44 and its 200 day moving average price is $4.53. The firm has a market cap of $1.21 billion, a P/E ratio of -6.79 and a beta of 1.95. Genius Sports Limited has a 52-week low of $2.20 and a 52-week high of $5.82.

Genius Sports (NYSE:GENI – Get Rating) last released its quarterly earnings results on Friday, March 10th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). Genius Sports had a negative net margin of 47.29% and a negative return on equity of 12.81%. The company had revenue of $105.34 million during the quarter, compared to analyst estimates of $105.45 million. Sell-side analysts expect that Genius Sports Limited will post -0.25 EPS for the current year.

Genius Sports Company 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.