Legal & General Group Plc Acquires 86,491 Shares of Genius Sports Limited $GENI

Legal & General Group Plc raised its holdings in Genius Sports Limited (NYSE:GENI) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 632,040 shares of the company’s stock after acquiring an additional 86,491 shares during the quarter. Legal & General Group Plc owned about 0.29% of Genius Sports worth $6,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GENI. Royal Bank of Canada boosted its stake in Genius Sports by 17.6% in the first quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock valued at $444,000 after acquiring an additional 6,623 shares during the last quarter. Cetera Investment Advisers boosted its stake in Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after acquiring an additional 1,388 shares during the last quarter. Prudential Financial Inc. bought a new position in Genius Sports in the second quarter valued at approximately $266,000. Invesco Ltd. boosted its stake in Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after acquiring an additional 3,202,290 shares during the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in Genius Sports in the second quarter valued at approximately $14,220,000. 81.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Oppenheimer reduced their price objective on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Citigroup reduced their price target on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Stifel Nicolaus reduced their price target on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. Roth Mkm set a $10.00 price target on shares of Genius Sports in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a report on Friday, March 27th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.68.

Genius Sports Trading Down 7.2%

GENI opened at $5.91 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of -9.68 and a beta of 1.90. Genius Sports Limited has a 12 month low of $3.83 and a 12 month high of $13.73. The firm’s fifty day simple moving average is $4.76 and its 200 day simple moving average is $7.16.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The company had revenue of $187.95 million during the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) earnings per share. On average, equities research analysts predict that Genius Sports Limited will post -0.12 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.