Genius Sports Limited (NYSE:GENI) Shares Sold by Samjo Management LLC

Samjo Management LLC trimmed its stake in Genius Sports Limited (NYSE:GENI) by 16.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,982,950 shares of the company’s stock after selling 566,850 shares during the period. Genius Sports comprises about 9.7% of Samjo Management LLC’s investment portfolio, making the stock its 3rd biggest position. Samjo Management LLC owned about 1.39% of Genius Sports worth $25,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new stake in Genius Sports during the third quarter worth $84,000. Walleye Trading LLC lifted its holdings in shares of Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after acquiring an additional 29,555 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after acquiring an additional 3,429 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in Genius Sports in the fourth quarter valued at about $136,000. Finally, Aigen Investment Management LP acquired a new position in Genius Sports in the fourth quarter worth about $163,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Down 7.2 %

Shares of GENI stock opened at $8.81 on Friday. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $11.16. The firm’s 50 day moving average is $9.45 and its 200-day moving average is $8.78. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -27.52 and a beta of 1.98.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The firm had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period in the prior year, the company posted ($0.10) EPS. On average, equities research analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GENI shares. B. Riley assumed coverage on Genius Sports in a research note on Tuesday, March 18th. They issued a “buy” rating on the stock. Lake Street Capital increased their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. JMP Securities restated a “market outperform” rating and issued a $11.00 target price on shares of Genius Sports in a research note on Monday, January 27th. Guggenheim started coverage on shares of Genius Sports in a report on Tuesday, March 18th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Craig Hallum set a $15.00 price target on shares of Genius Sports in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.23.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of 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.