Loomis Sayles & Co. L P Purchases New Holdings in Genius Sports Limited (NYSE:GENI)

Loomis Sayles & Co. L P acquired a new position in Genius Sports Limited (NYSE:GENI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,798,006 shares of the company’s stock, valued at approximately $15,553,000. Loomis Sayles & Co. L P owned 0.84% of Genius Sports as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GENI. Captrust Financial Advisors purchased a new position in shares of Genius Sports in the 3rd quarter worth about $84,000. Walleye Trading LLC raised its holdings in Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after buying an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after buying an additional 3,429 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Genius Sports during the fourth quarter valued at approximately $136,000. Finally, Aigen Investment Management LP bought a new stake in shares of Genius Sports during the fourth quarter valued at approximately $163,000. Institutional investors own 81.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Needham & Company LLC set a $13.00 price objective on Genius Sports in a research report on Wednesday, March 5th. Lake Street Capital increased their price objective on Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Guggenheim assumed coverage on Genius Sports in a research report on Tuesday, March 18th. They issued a “buy” rating and a $12.00 target price for the company. B. Riley started coverage on shares of Genius Sports in a report on Tuesday, March 18th. They set a “buy” rating on the stock. Finally, Citizens Jmp cut shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. 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.com, Genius Sports currently has a consensus rating of “Moderate Buy” and an average target price of $12.23.

Genius Sports Trading Down 6.4 %

GENI opened at $10.15 on Friday. The firm’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $8.70. The company has a market capitalization of $2.18 billion, a PE ratio of -31.70 and a beta of 2.14. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $11.16.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $175.52 million. During the same quarter last year, the firm posted ($0.10) earnings per share. Equities analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal 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.