Cookson Peirce & Co. Inc. Has $2.67 Million Position in Genius Sports Limited (NYSE:GENI)

Cookson Peirce & Co. Inc. grew its position in Genius Sports Limited (NYSE:GENI) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 308,553 shares of the company’s stock after purchasing an additional 8,678 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Genius Sports were worth $2,669,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GENI. Harbor Capital Advisors Inc. acquired a new position in shares of Genius Sports in the 3rd quarter worth approximately $2,465,000. Olympiad Research LP bought a new position in Genius Sports in the 3rd quarter valued at $209,000. GSA Capital Partners LLP acquired a new position in Genius Sports in the third quarter worth $532,000. Moors & Cabot Inc. bought a new stake in shares of Genius Sports during the third quarter worth $265,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Genius Sports by 10.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock worth $58,959,000 after purchasing an additional 691,539 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citizens Jmp downgraded shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Citigroup upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Macquarie raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. B. Riley upped their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group lifted their target price on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.69.

Genius Sports Stock Performance

Shares of Genius Sports stock opened at $9.29 on Wednesday. The firm has a fifty day moving average of $8.97 and a two-hundred day moving average of $8.42. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -29.03 and a beta of 2.15. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $10.33.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). The company had revenue of $175.53 million during the quarter, compared to analyst estimates of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same period in the previous year, the company posted ($0.10) EPS. As a group, research analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

About Genius Sports

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.