Cookson Peirce & Co. Inc. Has $883,000 Stock Holdings in Genius Sports Limited $GENI

Cookson Peirce & Co. Inc. decreased its holdings in shares of Genius Sports Limited (NYSE:GENI) by 76.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,150 shares of the company’s stock after selling 259,266 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Genius Sports were worth $883,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Genius Sports by 79.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock worth $16,009,000 after purchasing an additional 572,607 shares during the last quarter. Penn Capital Management Company LLC increased its stake in shares of Genius Sports by 2,593.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock worth $15,116,000 after purchasing an additional 1,174,431 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Genius Sports during the 4th quarter worth $2,840,000. UBS Group AG increased its stake in shares of Genius Sports by 45.1% during the 4th quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock worth $43,804,000 after purchasing an additional 1,235,352 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Genius Sports by 82.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after purchasing an additional 2,647,948 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Genius Sports in a research note on Monday, May 11th. They set a “buy” rating and a $10.00 price target on the stock. Wall Street Zen lowered shares of Genius Sports from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Oppenheimer lowered their target price on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a research note on Friday, March 27th. Three 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.68.

Genius Sports Stock Performance

NYSE:GENI opened at $5.91 on Monday. The company has a 50-day moving average of $4.76 and a 200-day moving average of $7.15. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -9.68 and a beta of 1.89. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The business had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.Genius Sports’s revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) earnings per share. Sell-side analysts forecast that Genius Sports Limited will post -0.12 EPS for the current year.

Genius Sports Profile

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.