Genius Sports Limited (NYSE:GENI) Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. trimmed its position in Genius Sports Limited (NYSE:GENI) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,481 shares of the company’s stock after selling 3,597 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Genius Sports were worth $1,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Genius Sports during the third quarter worth approximately $28,000. Geneos Wealth Management Inc. acquired a new stake in Genius Sports in the third quarter valued at approximately $29,000. Altshuler Shaham Ltd acquired a new stake in Genius Sports in the fourth quarter valued at approximately $35,000. NewEdge Wealth LLC acquired a new stake in Genius Sports in the fourth quarter valued at approximately $62,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Genius Sports in the first quarter valued at approximately $52,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Stock Performance

GENI opened at $5.12 on Wednesday. The firm’s 50-day simple moving average is $6.33 and its 200-day simple moving average is $5.88. Genius Sports Limited has a twelve month low of $3.55 and a twelve month high of $8.45. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -12.79 and a beta of 1.96.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. The company had revenue of $127.20 million for the quarter, compared to the consensus estimate of $126.53 million. During the same period in the prior year, the company earned ($0.18) EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Genius Sports Limited will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GENI. The Goldman Sachs Group began coverage on shares of Genius Sports in a research report on Tuesday. They issued a “buy” rating and a $7.50 price target on the stock. JMP Securities reissued a “market outperform” rating and issued a $8.00 price target on shares of Genius Sports in a research report on Thursday, March 7th. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Genius Sports in a research report on Thursday, March 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 price target on shares of Genius Sports in a research report on Monday, February 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a research report on Wednesday, March 6th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $9.25.

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.