Capital Research Global Investors Sells 6,079,556 Shares of Genius Sports Limited $GENI

Capital Research Global Investors lessened its position in Genius Sports Limited (NYSE:GENI) by 43.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,869,105 shares of the company’s stock after selling 6,079,556 shares during the period. Capital Research Global Investors owned about 3.66% of Genius Sports worth $97,420,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Genius Sports during the 3rd quarter worth about $65,000. Strs Ohio boosted its position in Genius Sports by 178.9% in the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after buying an additional 3,400 shares in the last quarter. Bessemer Group Inc. grew its stake in Genius Sports by 1,163.1% during the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after buying an additional 6,455 shares during the last quarter. CWM LLC grew its stake in Genius Sports by 106.3% during the third quarter. CWM LLC now owns 8,209 shares of the company’s stock worth $102,000 after buying an additional 4,229 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after buying an additional 4,477 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Price Performance

GENI stock opened at $5.22 on Thursday. The company has a 50 day moving average price of $7.90 and a 200 day moving average price of $10.21. Genius Sports Limited has a fifty-two week low of $4.96 and a fifty-two week high of $13.73. The stock has a market capitalization of $1.12 billion, a PE ratio of -12.13 and a beta of 1.91.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $240.50 million during the quarter, compared to the consensus estimate of $234.94 million. Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) earnings per share. As a group, equities analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GENI. Oppenheimer reduced their target price on Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. New Street Research set a $17.00 price objective on Genius Sports in a research report on Thursday, December 4th. The Goldman Sachs Group boosted their price objective on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Finally, Citigroup lowered their target price on Genius Sports from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.84.

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.