Genius Sports Limited (NYSE:GENI) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 66.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,430 shares of the company’s stock after purchasing an additional 14,965 shares during the period. PNC Financial Services Group Inc.’s holdings in Genius Sports were worth $324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new position in Genius Sports during the 4th quarter worth approximately $136,000. Raymond James Financial Inc. acquired a new position in Genius Sports during the 4th quarter worth approximately $12,332,000. D.A. Davidson & CO. increased its position in Genius Sports by 2.7% during the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after purchasing an additional 1,396 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Genius Sports during the 4th quarter worth approximately $11,292,000. Finally, Senvest Management LLC increased its position in Genius Sports by 12.2% during the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after purchasing an additional 819,385 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Needham & Company LLC set a $13.00 target price on Genius Sports in a research report on Wednesday, March 5th. Lake Street Capital boosted their price target on Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup boosted their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.23.

Genius Sports Stock Performance

GENI stock opened at $10.36 on Friday. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $10.44. The stock’s 50 day moving average price is $9.17 and its 200 day moving average price is $8.58. The firm has a market cap of $2.23 billion, a P/E ratio of -32.38 and a beta of 2.14.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $175.53 million during the quarter, compared to analysts’ expectations of $175.52 million. During the same period in the previous year, the company posted ($0.10) EPS. On average, research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

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.