Nixon Capital LLC Decreases Position in Genius Sports Limited $GENI

Nixon Capital LLC decreased its stake in Genius Sports Limited (NYSE:GENI) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 838,127 shares of the company’s stock after selling 188,068 shares during the quarter. Genius Sports comprises 3.2% of Nixon Capital LLC’s portfolio, making the stock its 15th biggest holding. Nixon Capital LLC owned about 0.39% of Genius Sports worth $10,376,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hodges Capital Management Inc. boosted its position in shares of Genius Sports by 351.7% during the second quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock valued at $10,101,000 after buying an additional 756,235 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Genius Sports during the 2nd quarter worth approximately $5,200,000. Moody National Bank Trust Division boosted its holdings in Genius Sports by 11.8% during the 2nd quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after acquiring an additional 69,600 shares during the period. Geode Capital Management LLC bought a new position in Genius Sports in the 2nd quarter valued at $27,312,000. Finally, Peregrine Capital Management LLC purchased a new stake in Genius Sports in the third quarter worth $10,153,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a research report on Monday, December 29th. UBS Group set a $16.00 price objective on shares of Genius Sports in a report on Monday, December 8th. Macquarie reissued an “outperform” rating and issued a $15.00 price objective on shares of Genius Sports in a research report on Wednesday, November 5th. Wells Fargo & Company upgraded shares of Genius Sports from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $13.00 to $16.00 in a research note on Friday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Genius Sports in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.20.

Genius Sports Stock Performance

NYSE:GENI opened at $10.70 on Monday. The firm has a 50-day simple moving average of $10.44 and a 200-day simple moving average of $11.36. Genius Sports Limited has a one year low of $8.15 and a one year high of $13.73. The firm has a market cap of $2.30 billion, a P/E ratio of -22.76 and a beta of 1.81.

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

Genius Sports Profile

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.