Genius Sports Limited $GENI Stock Position Increased by 1492 Capital Management LLC

1492 Capital Management LLC raised its holdings in Genius Sports Limited (NYSE:GENI) by 16.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 623,169 shares of the company’s stock after purchasing an additional 88,315 shares during the period. Genius Sports accounts for approximately 2.6% of 1492 Capital Management LLC’s portfolio, making the stock its 6th largest holding. 1492 Capital Management LLC’s holdings in Genius Sports were worth $6,867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GENI. TimesSquare Capital Management LLC purchased a new stake in shares of Genius Sports in the fourth quarter valued at about $59,851,000. Invesco Ltd. lifted its holdings in shares of Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after purchasing an additional 3,202,290 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Genius Sports by 82.7% in the third quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock valued at $72,424,000 after purchasing an additional 2,647,948 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Genius Sports by 68.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 5,624,316 shares of the company’s stock valued at $61,980,000 after purchasing an additional 2,293,847 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Genius Sports by 17.9% in the third quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock valued at $167,298,000 after purchasing an additional 2,051,503 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Roth Mkm set a $10.00 price target on shares of Genius Sports in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genius Sports in a report on Monday, May 11th. They issued a “buy” rating and a $10.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, Northland Securities set a $12.00 price objective on shares of Genius Sports in a research note on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.68.

Genius Sports Stock Performance

Shares of GENI opened at $5.88 on Thursday. The company’s 50 day simple moving average is $4.70 and its 200 day simple moving average is $7.19. Genius Sports Limited has a 1 year low of $3.83 and a 1 year high of $13.73. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -9.63 and a beta of 1.90.

Genius Sports (NYSE:GENI) last released its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. During the same quarter last year, the company posted ($0.03) earnings per share. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. Equities analysts expect that Genius Sports Limited will post -0.12 EPS for the current fiscal 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.