Genius Sports Limited $GENI Shares Bought by Millennium Management LLC

Millennium Management LLC grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 1,579.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,766,206 shares of the company’s stock after purchasing an additional 2,601,453 shares during the period. Millennium Management LLC owned approximately 1.29% of Genius Sports worth $27,690,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GENI. Northern Trust Corp increased its holdings in shares of Genius Sports by 103.3% during the fourth quarter. Northern Trust Corp now owns 63,510 shares of the company’s stock valued at $549,000 after purchasing an additional 32,271 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Genius Sports during the fourth quarter valued at $2,353,000. Bank of America Corp DE increased its holdings in shares of Genius Sports by 41.7% during the fourth quarter. Bank of America Corp DE now owns 312,289 shares of the company’s stock valued at $2,701,000 after purchasing an additional 91,888 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Genius Sports by 1,953.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,066,005 shares of the company’s stock valued at $9,221,000 after purchasing an additional 1,014,083 shares during the period. Finally, Graham Capital Management L.P. increased its holdings in shares of Genius Sports by 52.0% during the fourth quarter. Graham Capital Management L.P. now owns 52,575 shares of the company’s stock valued at $455,000 after purchasing an additional 17,986 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Up 0.4%

NYSE:GENI opened at $12.61 on Friday. Genius Sports Limited has a 1-year low of $6.72 and a 1-year high of $13.73. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -40.68 and a beta of 1.87. The stock has a fifty day simple moving average of $11.86 and a 200 day simple moving average of $10.56.

Genius Sports (NYSE:GENI) last announced its earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The firm had revenue of $118.72 million for the quarter, compared to analyst estimates of $118.28 million. During the same period last year, the firm earned ($0.09) earnings per share. Genius Sports’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GENI. Benchmark raised their price target on Genius Sports from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial assumed coverage on Genius Sports in a research note on Tuesday, July 1st. They set a “buy” rating and a $14.00 target price for the company. Northland Securities assumed coverage on shares of Genius Sports in a research note on Friday, July 25th. They issued an “outperform” rating and a $14.00 price objective on the stock. B. Riley lifted their price objective on shares of Genius Sports from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Genius Sports in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Genius Sports presently has a consensus rating of “Buy” and a consensus price target of $14.12.

About Genius Sports

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.