TimesSquare Capital Management LLC acquired a new position in Genius Sports Limited (NYSE:GENI – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,431,145 shares of the company’s stock, valued at approximately $59,851,000. TimesSquare Capital Management LLC owned approximately 2.52% of Genius Sports as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of GENI. Royal Bank of Canada increased its holdings in Genius Sports by 17.6% in the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after buying an additional 6,623 shares in the last quarter. Cetera Investment Advisers increased its holdings in Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after buying an additional 1,388 shares in the last quarter. Prudential Financial Inc. bought a new stake in Genius Sports in the 2nd quarter worth about $266,000. Invesco Ltd. increased its holdings in Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after buying an additional 3,202,290 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in Genius Sports in the 2nd quarter worth about $14,220,000. 81.91% of the stock is currently owned by institutional investors.
Genius Sports Stock Performance
Shares of NYSE:GENI opened at $5.21 on Tuesday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -8.53 and a beta of 1.80. The stock’s 50-day simple moving average is $4.59 and its two-hundred day simple moving average is $7.64. Genius Sports Limited has a 52-week low of $3.83 and a 52-week high of $13.73.
Analyst Ratings Changes
Several equities research analysts recently commented on GENI shares. Wells Fargo & Company reduced their price objective on Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Oppenheimer dropped their target price on Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen cut Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Truist Financial dropped their target price on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Roth Mkm set a $10.00 target price on Genius Sports in a research report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and an average price target of $11.68.
Get Our Latest Report on Genius Sports
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.
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