Genius Sports Limited (NYSE:GENI) Shares Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC raised its stake in shares of Genius Sports Limited (NYSE:GENI) by 47.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 200,851 shares of the company’s stock after buying an additional 64,955 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Genius Sports were worth $1,737,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in Genius Sports during the 3rd quarter valued at about $78,000. Arkadios Wealth Advisors bought a new position in shares of Genius Sports during the 3rd quarter valued at about $79,000. Captrust Financial Advisors bought a new position in shares of Genius Sports during the 3rd quarter valued at about $84,000. Walleye Trading LLC boosted its position in shares of Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after purchasing an additional 29,555 shares in the last quarter. Finally, Fullcircle Wealth LLC bought a new position in shares of Genius Sports during the 3rd quarter valued at about $118,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Stock Performance

GENI stock opened at $9.17 on Friday. The stock has a market cap of $1.97 billion, a P/E ratio of -28.64 and a beta of 2.15. The firm has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $8.10. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $10.33.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The business had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share. Sell-side analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. Oppenheimer raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 target price on shares of Genius Sports in a report on Friday, January 17th. Finally, B. Riley raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.28.

Genius Sports 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.