Genius Sports Limited $GENI Position Reduced by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in shares of Genius Sports Limited (NYSE:GENI) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,907,743 shares of the company’s stock after selling 494,603 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.28% of Genius Sports worth $60,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cooper Creek Partners Management LLC grew its holdings in Genius Sports by 9.6% during the second quarter. Cooper Creek Partners Management LLC now owns 9,191,865 shares of the company’s stock worth $95,595,000 after acquiring an additional 806,233 shares during the period. Senvest Management LLC grew its stake in shares of Genius Sports by 1.4% in the 2nd quarter. Senvest Management LLC now owns 7,813,156 shares of the company’s stock worth $81,257,000 after purchasing an additional 107,083 shares during the last quarter. Hood River Capital Management LLC lifted its stake in Genius Sports by 3.3% during the second quarter. Hood River Capital Management LLC now owns 6,811,333 shares of the company’s stock valued at $70,838,000 after purchasing an additional 215,384 shares during the last quarter. Global Alpha Capital Management Ltd. bought a new stake in Genius Sports during the second quarter worth approximately $43,552,000. Finally, The Manufacturers Life Insurance Company grew its position in Genius Sports by 28.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,629,031 shares of the company’s stock worth $37,742,000 after buying an additional 803,902 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

Shares of GENI opened at $9.71 on Thursday. The company has a market capitalization of $2.09 billion, a PE ratio of -20.67 and a beta of 1.81. The company’s 50 day moving average price is $10.34 and its 200 day moving average price is $11.34. Genius Sports Limited has a 52 week low of $8.15 and a 52 week high of $13.73.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.18). Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. The company had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $156.24 million. On average, equities analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GENI. UBS Group set a $16.00 price objective on Genius Sports in a research note on Monday, December 8th. Benchmark restated a “buy” rating and set a $16.00 price objective on shares of Genius Sports in a report on Tuesday, December 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a report on Monday, December 29th. Citigroup restated a “market outperform” rating on shares of Genius Sports in a research report on Tuesday, December 16th. Finally, BTIG Research lifted their price objective on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.95.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.