Wellington Management Group LLP Has $65.01 Million Holdings in Genius Sports Limited (NYSE:GENI)

Wellington Management Group LLP lifted its holdings in Genius Sports Limited (NYSE:GENI) by 2.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,292,521 shares of the company’s stock after acquiring an additional 230,209 shares during the period. Wellington Management Group LLP’s holdings in Genius Sports were worth $65,013,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GENI. Koss Olinger Consulting LLC acquired a new position in shares of Genius Sports in the second quarter valued at about $64,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Genius Sports in the second quarter valued at about $67,000. Sound Income Strategies LLC acquired a new position in shares of Genius Sports in the third quarter valued at about $78,000. Arkadios Wealth Advisors acquired a new position in shares of Genius Sports in the third quarter valued at about $79,000. Finally, Captrust Financial Advisors acquired a new position in shares of Genius Sports in the third quarter valued at about $84,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GENI shares. Macquarie increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. B. Riley increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Benchmark increased their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group increased their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Oppenheimer increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.72.

Genius Sports Trading Down 1.7 %

GENI opened at $9.34 on Wednesday. The company’s 50 day moving average is $8.24 and its 200-day moving average is $7.10. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.33. The company has a market cap of $2.14 billion, a P/E ratio of -29.19 and a beta of 2.12.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) EPS. On average, equities analysts forecast that Genius Sports Limited will post -0.16 EPS for the current year.

Genius Sports Company 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.