CenterBook Partners LP bought a new stake in shares of Genius Sports Limited (NYSE:GENI – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 218,438 shares of the company’s stock, valued at approximately $2,407,000.
Other hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Genius Sports in the third quarter worth approximately $65,000. Bessemer Group Inc. boosted its holdings in Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after acquiring an additional 6,455 shares during the period. Victory Financial Group LLC bought a new position in Genius Sports in the 4th quarter valued at $113,000. Osaic Holdings Inc. increased its stake in Genius Sports by 72.6% in the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after purchasing an additional 4,477 shares during the period. Finally, Orion Porfolio Solutions LLC purchased a new stake in Genius Sports in the second quarter worth $112,000. Institutional investors own 81.91% of the company’s stock.
Genius Sports Price Performance
NYSE:GENI opened at $6.75 on Wednesday. Genius Sports Limited has a 1-year low of $3.83 and a 1-year high of $13.73. The company has a 50-day moving average of $4.85 and a 200 day moving average of $7.11. The firm has a market cap of $1.66 billion, a PE ratio of -11.07 and a beta of 1.90.
Wall Street Analyst Weigh In
GENI has been the subject of a number of recent analyst reports. Roth Mkm set a $10.00 target price on shares of Genius Sports in a research note on Friday, May 8th. UBS Group reiterated a “buy” rating on shares of Genius Sports in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a research report on Monday, May 11th. They issued a “buy” rating and a $10.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, April 9th. Finally, BTIG Research decreased their price target on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Genius Sports has a consensus rating of “Moderate Buy” and a consensus price target of $11.68.
Read Our Latest Stock Analysis 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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