Gerber Kawasaki Wealth & Investment Management Acquires New Position in Genius Sports Limited (NYSE:GENI)

Gerber Kawasaki Wealth & Investment Management acquired a new stake in Genius Sports Limited (NYSE:GENI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,880 shares of the company’s stock, valued at approximately $449,000.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its position in shares of Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Genius Sports during the fourth quarter worth about $136,000. Envestnet Asset Management Inc. grew its stake in Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock valued at $143,000 after acquiring an additional 3,548 shares during the period. Aigen Investment Management LP acquired a new position in Genius Sports in the fourth quarter valued at about $163,000. Finally, Arete Wealth Advisors LLC increased its holdings in shares of Genius Sports by 29.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 18,900 shares of the company’s stock worth $163,000 after acquiring an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on GENI shares. Lake Street Capital boosted their price objective on shares of Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Craig Hallum set a $15.00 price objective on Genius Sports in a research report on Tuesday, March 4th. Needham & Company LLC set a $13.00 price objective on Genius Sports in a report on Wednesday, March 5th. Citizens Jmp cut Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group raised their price target on shares of Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.19.

Genius Sports Stock Performance

Shares of GENI stock opened at $10.80 on Friday. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $11.16. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -33.75 and a beta of 1.98. The firm’s 50-day moving average is $9.66 and its 200-day moving average is $9.03.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) 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 business had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter in the prior year, the company earned ($0.10) EPS. Sell-side analysts predict that Genius Sports Limited will post -0.1 EPS 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.