Moody Aldrich Partners LLC Reduces Position in Genius Sports Limited $GENI

Moody Aldrich Partners LLC reduced its position in shares of Genius Sports Limited (NYSE:GENI) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,105 shares of the company’s stock after selling 50,387 shares during the period. Moody Aldrich Partners LLC owned about 0.11% of Genius Sports worth $2,972,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hodges Capital Management Inc. increased its holdings in shares of Genius Sports by 351.7% in the 2nd quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock valued at $10,101,000 after acquiring an additional 756,235 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Genius Sports by 11.8% in the second quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after purchasing an additional 69,600 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Genius Sports in the second quarter valued at approximately $5,200,000. Geode Capital Management LLC purchased a new position in Genius Sports in the second quarter valued at approximately $27,312,000. Finally, Wilson Asset Management International PTY Ltd. raised its holdings in Genius Sports by 5.0% during the second quarter. Wilson Asset Management International PTY Ltd. now owns 882,691 shares of the company’s stock worth $9,180,000 after purchasing an additional 42,297 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Down 3.3%

Genius Sports stock opened at $11.00 on Thursday. The stock has a 50 day moving average of $10.58 and a two-hundred day moving average of $11.30. Genius Sports Limited has a twelve month low of $8.15 and a twelve month high of $13.73. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -23.40 and a beta of 1.94.

Genius Sports (NYSE:GENI) last released 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 return on equity of 14.39% and a negative net margin of 19.71%.The company had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $156.24 million. Equities analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

GENI has been the topic of a number of recent analyst reports. Citizens Jmp increased their target price on shares of Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Thursday, December 4th. UBS Group set a $16.00 price objective on Genius Sports in a report on Monday, December 8th. BTIG Research boosted their target price on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Citigroup restated a “market outperform” rating on shares of Genius Sports in a research note on Tuesday, December 16th. Finally, Benchmark reiterated a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.05.

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.