Genius Sports Limited (NYSE:GENI) Position Trimmed by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in Genius Sports Limited (NYSE:GENIFree Report) by 7.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,000 shares of the company’s stock after selling 6,500 shares during the quarter. Gabelli Funds LLC’s holdings in Genius Sports were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in Genius Sports during the third quarter valued at about $29,000. Altshuler Shaham Ltd purchased a new stake in Genius Sports during the fourth quarter valued at about $35,000. WealthShield Partners LLC purchased a new stake in Genius Sports during the second quarter valued at about $62,000. ExodusPoint Capital Management LP purchased a new stake in Genius Sports during the first quarter valued at about $52,000. Finally, United Capital Financial Advisers LLC purchased a new stake in Genius Sports during the fourth quarter valued at about $37,000. 43.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GENI has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Genius Sports in a research note on Tuesday, November 14th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of Genius Sports in a report on Friday, January 19th. Macquarie assumed coverage on Genius Sports in a report on Thursday, December 21st. They issued an “outperform” rating and a $11.00 target price on the stock. Finally, Craig Hallum dropped their target price on Genius Sports from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, November 14th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $9.46.

Check Out Our Latest Stock Analysis on Genius Sports

Genius Sports Stock Performance

NYSE:GENI opened at $7.67 on Monday. The stock’s 50 day moving average price is $6.16 and its 200 day moving average price is $5.90. Genius Sports Limited has a 52 week low of $3.55 and a 52 week high of $8.45. The company has a market capitalization of $1.69 billion, a P/E ratio of -8.92 and a beta of 2.02.

Genius Sports (NYSE:GENIGet Free Report) last released its quarterly earnings data on Monday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Genius Sports had a negative return on equity of 14.37% and a negative net margin of 44.69%. The firm had revenue of $101.70 million during the quarter, compared to analyst estimates of $100.38 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 29.2% on a year-over-year basis. As a group, sell-side analysts forecast that Genius Sports Limited will post -0.25 earnings per share for the current fiscal year.

Genius Sports Company Profile

(Free Report)

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

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

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