Voya Investment Management LLC Has $19.78 Million Stock Position in Genius Sports Limited $GENI

Voya Investment Management LLC trimmed its position in Genius Sports Limited (NYSE:GENI) by 47.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,597,656 shares of the company’s stock after selling 1,467,401 shares during the quarter. Voya Investment Management LLC’s holdings in Genius Sports were worth $19,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GENI. Quarry LP acquired a new stake in Genius Sports in the first quarter valued at approximately $37,000. CWM LLC lifted its holdings in shares of Genius Sports by 275.5% in the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after purchasing an additional 2,920 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Genius Sports in the 2nd quarter valued at $75,000. Amalgamated Bank bought a new stake in Genius Sports during the 2nd quarter valued at $79,000. Finally, Jag Capital Management LLC acquired a new position in Genius Sports during the second quarter worth $110,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

NYSE GENI opened at $10.80 on Monday. The company has a market capitalization of $2.32 billion, a PE ratio of -22.98 and a beta of 1.94. Genius Sports Limited has a 52-week low of $8.15 and a 52-week high of $13.73. The company has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $11.24.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The company had revenue of $166.28 million for the quarter, compared to the consensus estimate of $156.24 million. Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. As a group, analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Guggenheim set a $17.00 price objective on Genius Sports in a report on Thursday, December 4th. Zacks Research upgraded Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. BTIG Research upped their price target on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Finally, JMP Securities raised their price objective on Genius Sports from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.05.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.