Moody Aldrich Partners LLC Cuts Holdings in Genius Sports Limited $GENI

by · The Cerbat Gem

Moody Aldrich Partners LLC cut its holdings in Genius Sports Limited (NYSE:GENI – Free Report) by 17.3% during the third quarter, Holdings Channel reports. The institutional investor owned 240,105 shares of the company’s stock after selling 50,387 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Genius Sports were worth $2,972,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GENI. Allspring Global Investments Holdings LLC boosted its position in shares of Genius Sports by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,006,277 shares of the company’s stock worth $36,316,000 after purchasing an additional 117,591 shares in the last quarter. Calamos Advisors LLC lifted its stake in shares of Genius Sports by 47.9% in the third quarter. Calamos Advisors LLC now owns 237,939 shares of the company’s stock valued at $2,946,000 after purchasing an additional 77,065 shares during the period. CWM LLC boosted its holdings in Genius Sports by 106.3% during the third quarter. CWM LLC now owns 8,209 shares of the company’s stock worth $102,000 after buying an additional 4,229 shares in the last quarter. Pacer Advisors Inc. grew its position in Genius Sports by 88.3% during the third quarter. Pacer Advisors Inc. now owns 11,050 shares of the company’s stock worth $137,000 after buying an additional 5,182 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in Genius Sports by 3.6% in the third quarter. Exchange Traded Concepts LLC now owns 409,634 shares of the company’s stock valued at $5,071,000 after buying an additional 14,115 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on GENI. Guggenheim set a $17.00 price target on Genius Sports in a research note on Thursday, December 4th. BTIG Research boosted their target price on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Citizens Jmp raised their price target on Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Thursday, December 4th. Roth Capital initiated coverage on Genius Sports in a research note on Friday, September 12th. They set a “buy” rating and a $16.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on shares of Genius Sports from $10.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, December 5th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.05.

Get Our Latest Stock Report on Genius Sports

Genius Sports Trading Down 3.3%

Shares of GENI stock opened at $11.00 on Thursday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -23.40 and a beta of 1.94. The firm has a 50-day moving average price of $10.58 and a 200 day moving average price of $11.30. Genius Sports Limited has a twelve month low of $8.15 and a twelve month high of $13.73.

Genius Sports (NYSE:GENI – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%.The firm had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $156.24 million. As a group, research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Genius Sports Company Profile

(Free Report)

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.

Further Reading

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