Moody National Bank Trust Division Buys 7,674 Shares of Genius Sports Limited (NYSE:GENI)

Moody National Bank Trust Division increased its position in Genius Sports Limited (NYSE:GENI) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 520,214 shares of the company’s stock after buying an additional 7,674 shares during the quarter. Moody National Bank Trust Division owned 0.23% of Genius Sports worth $4,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Genius Sports by 53.2% during the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock worth $56,604,000 after purchasing an additional 2,507,165 shares during the period. Divisadero Street Capital Management LP bought a new stake in shares of Genius Sports in the 2nd quarter worth approximately $11,233,000. Massachusetts Financial Services Co. MA increased its stake in shares of Genius Sports by 28.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock valued at $37,217,000 after buying an additional 1,502,958 shares during the period. Bank of Montreal Can bought a new position in shares of Genius Sports during the second quarter valued at approximately $6,575,000. Finally, AYAL Capital Advisors Ltd bought a new stake in Genius Sports in the second quarter valued at $4,635,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GENI shares. Oppenheimer raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup lifted their price target 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 27th. Benchmark upped their price objective on Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.94.

Genius Sports Trading Down 3.6 %

Shares of GENI traded down $0.32 during mid-day trading on Monday, hitting $8.48. The company’s stock had a trading volume of 1,464,546 shares, compared to its average volume of 2,226,885. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -26.50 and a beta of 2.12. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $10.33. The company’s 50-day moving average is $8.95 and its 200-day moving average is $7.69.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm 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%. Genius Sports’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) EPS. As a group, sell-side analysts predict that Genius Sports Limited will post -0.16 earnings per share for the current fiscal year.

About Genius Sports

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.