Rock Creek Group LP Increases Position in Genius Sports Limited (NYSE:GENI)

Rock Creek Group LP increased its position in shares of Genius Sports Limited (NYSE:GENI) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 250,000 shares of the company’s stock after acquiring an additional 25,000 shares during the quarter. Genius Sports makes up approximately 0.2% of Rock Creek Group LP’s holdings, making the stock its 26th biggest holding. Rock Creek Group LP owned approximately 0.12% of Genius Sports worth $2,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GENI. FMR LLC boosted its position in shares of Genius Sports by 53.2% in the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock worth $56,604,000 after acquiring an additional 2,507,165 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in Genius Sports during the fourth quarter worth approximately $15,553,000. Raymond James Financial Inc. acquired a new position in shares of Genius Sports in the 4th quarter valued at $12,332,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Genius Sports during the 4th quarter valued at $11,292,000. Finally, JPMorgan Chase & Co. increased its position in Genius Sports by 138.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company’s stock worth $14,264,000 after purchasing an additional 957,559 shares in the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on GENI. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research note on Tuesday, March 4th. Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a research report on Wednesday, March 5th. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Benchmark boosted their price objective on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Lake Street Capital increased their target price on Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.23.

Genius Sports Stock Down 6.4 %

GENI stock opened at $10.15 on Friday. The stock’s 50 day moving average is $9.36 and its two-hundred day moving average is $8.71. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $11.16. The company has a market capitalization of $2.18 billion, a PE ratio of -31.70 and a beta of 2.14.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter last year, the firm posted ($0.10) EPS. As a group, sell-side analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current year.

Genius Sports 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.