Genius Sports Limited $GENI Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its holdings in shares of Genius Sports Limited (NYSE:GENI) by 33.9% during the third quarter, HoldingsChannel reports. The fund owned 579,146 shares of the company’s stock after selling 296,566 shares during the period. Polar Asset Management Partners Inc.’s holdings in Genius Sports were worth $7,170,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Genius Sports by 9.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock valued at $175,000 after purchasing an additional 1,177 shares during the period. Prelude Capital Management LLC lifted its position in shares of Genius Sports by 1.3% during the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,181 shares during the period. Cetera Investment Advisers boosted its stake in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after acquiring an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of Genius Sports by 2.0% in the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after acquiring an additional 1,512 shares during the period. Finally, Main Management ETF Advisors LLC increased its stake in Genius Sports by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 145,846 shares of the company’s stock valued at $1,517,000 after purchasing an additional 2,376 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Stock Down 4.1%

Shares of NYSE:GENI opened at $4.79 on Thursday. The company has a market cap of $1.03 billion, a P/E ratio of -11.13 and a beta of 1.91. The business has a fifty day simple moving average of $7.33 and a 200-day simple moving average of $9.93. Genius Sports Limited has a 52 week low of $4.76 and a 52 week high of $13.73.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The business had revenue of $240.50 million during the quarter, compared to analyst estimates of $234.94 million. During the same period in the previous year, the business posted ($0.12) earnings per share. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. Sell-side analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GENI has been the topic of several research reports. Northland Securities set a $12.00 target price on Genius Sports in a report on Friday, February 6th. Benchmark reissued a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a research report on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Finally, Needham & Company LLC cut their price objective on Genius Sports from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.84.

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.