White Pine Capital LLC Cuts Holdings in Genius Sports Limited (NYSE:GENI)

White Pine Capital LLC reduced its position in Genius Sports Limited (NYSE:GENI) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 316,311 shares of the company’s stock after selling 11,100 shares during the quarter. White Pine Capital LLC owned about 0.14% of Genius Sports worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Orion Portfolio Solutions LLC purchased a new position in shares of Genius Sports in the 3rd quarter worth $58,000. NewEdge Wealth LLC purchased a new position in Genius Sports in the fourth quarter valued at about $62,000. Algert Global LLC purchased a new position in Genius Sports in the third quarter valued at about $68,000. MQS Management LLC purchased a new position in Genius Sports in the third quarter valued at about $88,000. Finally, Arete Wealth Advisors LLC raised its position in Genius Sports by 83.5% in the third quarter. Arete Wealth Advisors LLC now owns 22,200 shares of the company’s stock valued at $118,000 after purchasing an additional 10,100 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GENI has been the topic of several research reports. B. Riley initiated coverage on Genius Sports in a research report on Friday, April 5th. They issued a “buy” rating and a $9.00 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $8.00 target price on shares of Genius Sports in a research note on Monday, February 26th. Oppenheimer restated an “outperform” rating and set a $10.00 target price on shares of Genius Sports in a research note on Thursday, April 4th. The Goldman Sachs Group assumed coverage on Genius Sports in a research note on Tuesday, April 16th. They set a “buy” rating and a $7.50 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research note on Wednesday, March 6th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $9.25.

Genius Sports Stock Performance

Shares of GENI traded up $0.02 during mid-day trading on Friday, reaching $5.19. 1,229,247 shares of the company’s stock traded hands, compared to its average volume of 2,209,451. The business’s 50-day moving average price is $5.96 and its 200-day moving average price is $5.87. The stock has a market capitalization of $1.21 billion, a P/E ratio of -12.97 and a beta of 1.96. Genius Sports Limited has a 12 month low of $3.57 and a 12 month high of $8.45.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). The business had revenue of $127.20 million for the quarter, compared to the consensus estimate of $126.53 million. Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.67%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm posted ($0.18) EPS. Equities research analysts anticipate that Genius Sports Limited will post -0.13 EPS for the current year.

Genius Sports Company 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.