Genius Sports Limited (NYSE:GENI) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its position in shares of Genius Sports Limited (NYSE:GENI) by 21.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,425 shares of the company’s stock after selling 7,400 shares during the quarter. Moors & Cabot Inc.’s holdings in Genius Sports were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GENI. Captrust Financial Advisors acquired a new position in Genius Sports in the third quarter valued at about $84,000. Walleye Trading LLC lifted its position in Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after buying an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after buying an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in Genius Sports in the fourth quarter valued at about $136,000. Finally, Canton Hathaway LLC acquired a new position in Genius Sports in the third quarter valued at about $161,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

GENI has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citizens Jmp cut shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a research report on Wednesday, March 5th. Craig Hallum set a $15.00 price target on shares of Genius Sports in a research report on Tuesday, March 4th. Finally, Lake Street Capital increased their price target on shares of Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

Genius Sports Stock Performance

GENI stock opened at $9.19 on Monday. The company’s 50 day moving average price is $9.08 and its 200 day moving average price is $8.52. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $10.33. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -28.70 and a beta of 2.14.

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 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 firm had revenue of $175.53 million for the quarter, compared to analysts’ expectations of $175.52 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Equities analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

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.