IFC Advisors LLC Sells 148,130 Shares of Genius Sports Limited $GENI

IFC Advisors LLC lessened its stake in shares of Genius Sports Limited (NYSE:GENI) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,722,980 shares of the company’s stock after selling 148,130 shares during the period. Genius Sports accounts for approximately 6.2% of IFC Advisors LLC’s investment portfolio, making the stock its 4th biggest position. IFC Advisors LLC owned approximately 1.27% of Genius Sports worth $33,710,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its position in shares of Genius Sports by 275.5% in the second quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after acquiring an additional 2,920 shares in the last quarter. Strs Ohio raised its stake in Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after purchasing an additional 3,400 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Genius Sports in the 2nd quarter valued at $75,000. Amalgamated Bank acquired a new stake in Genius Sports during the 2nd quarter worth $79,000. Finally, Jag Capital Management LLC acquired a new stake in Genius Sports during the 2nd quarter worth $110,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Stock Down 0.6%

GENI stock opened at $9.25 on Friday. Genius Sports Limited has a 52-week low of $8.15 and a 52-week high of $13.73. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -19.67 and a beta of 1.81. The business has a fifty day moving average of $10.37 and a two-hundred day moving average of $11.30.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GENI shares. UBS Group set a $16.00 price target on shares of Genius Sports in a research note on Monday, December 8th. Benchmark restated a “buy” rating and set a $16.00 target price on shares of Genius Sports in a report on Tuesday, December 30th. Macquarie restated an “outperform” rating and issued a $15.00 price target on shares of Genius Sports in a research report on Wednesday, November 5th. BTIG Research lifted their price objective on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, Citizens Jmp upped their target price on Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a report on Thursday, December 4th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.95.

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.