White Pine Capital LLC Sells 11,100 Shares of Genius Sports Limited (NYSE:GENI)

White Pine Capital LLC trimmed its position in shares of Genius Sports Limited (NYSE:GENI) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,311 shares of the company’s stock after selling 11,100 shares during the quarter. White Pine Capital LLC’s holdings in Genius Sports were worth $1,955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Wealth LLC bought a new position in shares of Genius Sports during the fourth quarter worth $62,000. Arete Wealth Advisors LLC lifted its position in Genius Sports by 83.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 22,200 shares of the company’s stock valued at $118,000 after acquiring an additional 10,100 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in Genius Sports in the 3rd quarter valued at $58,000. Algert Global LLC bought a new stake in Genius Sports in the 3rd quarter valued at $68,000. Finally, Brandywine Global Investment Management LLC lifted its position in Genius Sports by 2.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 670,300 shares of the company’s stock valued at $3,573,000 after acquiring an additional 14,000 shares in the last quarter. 81.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GENI shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research report on Wednesday, March 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $8.00 price objective on shares of Genius Sports in a research report on Monday, February 26th. The Goldman Sachs Group started coverage on shares of Genius Sports in a research report on Tuesday, April 16th. They issued a “buy” rating and a $7.50 price objective on the stock. Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Genius Sports in a research note on Thursday, March 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $10.00 price target on shares of Genius Sports in a research note on Thursday, April 4th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $9.25.

Genius Sports Trading Up 0.4 %

Shares of Genius Sports stock traded up $0.02 during trading on Friday, hitting $5.19. 1,229,247 shares of the stock were exchanged, compared to its average volume of 2,209,451. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -12.97 and a beta of 1.96. The company has a fifty day moving average price of $5.96 and a 200-day moving average price of $5.87. Genius Sports Limited has a 1-year low of $3.57 and a 1-year high of $8.45.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $126.53 million. Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. Equities research analysts forecast that Genius Sports Limited will post -0.13 EPS for the current fiscal year.

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.