Northern Trust Corp Acquires 895,186 Shares of Genius Sports Limited $GENI

Northern Trust Corp increased its stake in Genius Sports Limited (NYSE:GENI) by 1,409.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 958,696 shares of the company’s stock after purchasing an additional 895,186 shares during the period. Northern Trust Corp’s holdings in Genius Sports were worth $9,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GENI. Envestnet Asset Management Inc. grew its stake in Genius Sports by 27.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock worth $143,000 after buying an additional 3,548 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Genius Sports by 63.2% during the 4th quarter. Stifel Financial Corp now owns 116,700 shares of the company’s stock worth $1,009,000 after acquiring an additional 45,175 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Genius Sports in the fourth quarter worth $2,353,000. Bank of America Corp DE increased its stake in Genius Sports by 41.7% in the fourth quarter. Bank of America Corp DE now owns 312,289 shares of the company’s stock valued at $2,701,000 after acquiring an additional 91,888 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in Genius Sports in the fourth quarter valued at $129,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Down 0.4%

Shares of GENI opened at $13.50 on Friday. The stock has a market capitalization of $2.90 billion, a P/E ratio of -43.53 and a beta of 1.87. Genius Sports Limited has a twelve month low of $6.72 and a twelve month high of $13.73. The firm has a fifty day simple moving average of $11.65 and a two-hundred day simple moving average of $10.46.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The firm had revenue of $118.72 million for the quarter, compared to the consensus estimate of $118.28 million. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The business’s revenue was up 24.4% on a year-over-year basis. During the same period last year, the company posted ($0.09) earnings per share. Sell-side analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GENI shares. Arete Research raised Genius Sports to a “strong-buy” rating in a research note on Wednesday, July 9th. Arete started coverage on Genius Sports in a research report on Wednesday, July 9th. They issued a “buy” rating and a $15.00 target price for the company. Northland Capmk raised Genius Sports to a “strong-buy” rating in a research note on Friday, July 25th. Truist Financial started coverage on shares of Genius Sports in a research report on Tuesday, July 1st. They set a “buy” rating and a $14.00 price target on the stock. Finally, Benchmark boosted their price objective on shares of Genius Sports from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $14.13.

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.