Sycale Advisors NY LLC increased its position in shares of Genius Sports Limited (NYSE:GENI – Free Report) by 43.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,876,046 shares of the company’s stock after buying an additional 566,930 shares during the quarter. Genius Sports comprises about 6.4% of Sycale Advisors NY LLC’s portfolio, making the stock its 7th biggest position. Sycale Advisors NY LLC’s holdings in Genius Sports were worth $20,674,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in GENI. Royal Bank of Canada raised its stake in Genius Sports by 17.6% during 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 during the period. Cetera Investment Advisers lifted its position in Genius Sports by 10.0% in the 2nd 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 in the last quarter. Prudential Financial Inc. acquired a new position in Genius Sports during the 2nd quarter valued at about $266,000. Invesco Ltd. boosted its stake in Genius Sports by 3,584.2% during the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after purchasing an additional 3,202,290 shares during the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in Genius Sports during the 2nd quarter valued at about $14,220,000. 81.91% of the stock is owned by institutional investors and hedge funds.
Genius Sports Stock Up 0.0%
Genius Sports stock opened at $6.85 on Monday. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73. The company’s 50 day moving average price is $5.00 and its two-hundred day moving average price is $7.07. The stock has a market cap of $1.69 billion, a P/E ratio of -11.23 and a beta of 1.89.
Analyst Upgrades and Downgrades
GENI has been the subject of a number of analyst reports. Needham & Company LLC cut their price target on Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Truist Financial cut their price target on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Roth Mkm set a $10.00 price target on Genius Sports in a research note on Friday, May 8th. Weiss Ratings downgraded Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. Finally, BTIG Research cut their price target on 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 investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.68.
Check Out Our Latest Stock Analysis on GENI
Genius Sports Company 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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