Cookson Peirce & Co. Inc. Purchases 14,438 Shares of Genius Sports Limited $GENI

Cookson Peirce & Co. Inc. increased its position in shares of Genius Sports Limited (NYSE:GENI) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,538 shares of the company’s stock after purchasing an additional 14,438 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Genius Sports were worth $3,490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in Genius Sports in the 1st quarter valued at $37,000. Pacer Advisors Inc. boosted its stake in Genius Sports by 61.5% in the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock valued at $38,000 after buying an additional 1,430 shares in the last quarter. CWM LLC boosted its stake in Genius Sports by 275.5% in the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after buying an additional 2,920 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Genius Sports in the 2nd quarter valued at $75,000. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in Genius Sports by 46.7% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 9,777 shares of the company’s stock valued at $98,000 after buying an additional 3,112 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Stock Performance

Genius Sports stock opened at $11.88 on Wednesday. Genius Sports Limited has a 52 week low of $6.72 and a 52 week high of $13.73. The firm has a market cap of $2.56 billion, a P/E ratio of -38.33 and a beta of 1.85. The business’s fifty day moving average is $12.52 and its two-hundred day moving average is $11.08.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The firm had revenue of $118.72 million for the quarter, compared to analyst estimates of $118.28 million. During the same period last year, the company earned ($0.09) EPS. The company’s revenue was up 24.4% compared to the same quarter last year. On average, equities research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Northland Securities assumed coverage on Genius Sports in a research note on Friday, July 25th. They issued an “outperform” rating and a $14.00 price target on the stock. Arete Research raised Genius Sports to a “strong-buy” rating in a research note on Wednesday, July 9th. Truist Financial initiated coverage on Genius Sports in a research note on Tuesday, July 1st. They issued a “buy” rating and a $14.00 price objective on the stock. Wall Street Zen lowered Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, JMP Securities boosted their price objective on Genius Sports from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Genius Sports presently has an average rating of “Moderate Buy” and a consensus target price of $14.22.

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.