Stephens Investment Management Group LLC Buys 2,576,329 Shares of Genius Sports Limited $GENI

Stephens Investment Management Group LLC raised its stake in Genius Sports Limited (NYSE:GENI) by 341.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,330,469 shares of the company’s stock after purchasing an additional 2,576,329 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Genius Sports were worth $41,231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Cooper Creek Partners Management LLC grew its position in Genius Sports by 9.6% in the second quarter. Cooper Creek Partners Management LLC now owns 9,191,865 shares of the company’s stock worth $95,595,000 after acquiring an additional 806,233 shares in the last quarter. Senvest Management LLC raised its position in Genius Sports by 1.4% during the second quarter. Senvest Management LLC now owns 7,813,156 shares of the company’s stock valued at $81,257,000 after purchasing an additional 107,083 shares in the last quarter. Hood River Capital Management LLC lifted its stake in Genius Sports by 3.3% during the second quarter. Hood River Capital Management LLC now owns 6,811,333 shares of the company’s stock worth $70,838,000 after purchasing an additional 215,384 shares during the last quarter. Global Alpha Capital Management Ltd. purchased a new position in shares of Genius Sports in the 2nd quarter worth about $43,552,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Genius Sports by 28.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,629,031 shares of the company’s stock valued at $37,742,000 after purchasing an additional 803,902 shares during the last quarter. 81.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on GENI. Guggenheim set a $17.00 target price on Genius Sports in a research report on Thursday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Genius Sports in a research note on Thursday, December 4th. Citizens Jmp boosted their price objective on shares of Genius Sports from $15.00 to $17.00 and gave the stock a “market outperform” rating in a report on Thursday, December 4th. BTIG Research increased their target price on shares of Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, UBS Group set a $16.00 target price on shares of Genius Sports in a research report on Monday, December 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.20.

Genius Sports Trading Down 4.2%

GENI stock opened at $9.88 on Friday. The firm’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $11.34. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -21.02 and a beta of 1.81. Genius Sports Limited has a 12-month low of $8.15 and a 12-month high of $13.73.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.18). The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. Equities analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

Genius Sports Company Profile

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.