Tudor Investment Corp ET AL Raises Position in Genius Sports Limited (NYSE:GENI)

Tudor Investment Corp ET AL grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 550,371 shares of the company’s stock after acquiring an additional 42,016 shares during the period. Tudor Investment Corp ET AL owned about 0.26% of Genius Sports worth $4,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Genius Sports in the fourth quarter worth approximately $12,332,000. JPMorgan Chase & Co. lifted its stake in shares of Genius Sports by 138.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,649,007 shares of the company’s stock valued at $14,264,000 after buying an additional 957,559 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Genius Sports in the 4th quarter worth $136,000. D.A. Davidson & CO. increased its stake in Genius Sports by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after buying an additional 1,396 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Genius Sports during the fourth quarter valued at about $11,292,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Price Performance

NYSE:GENI opened at $10.79 on Friday. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -33.70 and a beta of 1.98. The business has a 50 day simple moving average of $9.78 and a 200-day simple moving average of $9.11. Genius Sports Limited has a 1 year low of $5.02 and a 1 year high of $11.16.

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 in the prior year, the business earned ($0.10) earnings per share. As a group, analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Needham & Company LLC set a $13.00 price objective on Genius Sports in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Genius Sports in a report on Monday, April 21st. They set a “buy” rating and a $12.00 price objective for the company. Citizens Jmp downgraded shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. B. Riley assumed coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a “buy” rating for the company. Finally, BTIG Research increased their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.19.

Genius Sports Company 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.