Genius Sports Limited $GENI Holdings Raised by SG Capital Management LLC

SG Capital Management LLC raised its stake in shares of Genius Sports Limited (NYSE:GENI) by 41.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417,251 shares of the company’s stock after buying an additional 122,434 shares during the period. SG Capital Management LLC’s holdings in Genius Sports were worth $5,166,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its position in Genius Sports by 9.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock valued at $175,000 after purchasing an additional 1,177 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after buying an additional 1,512 shares during the last quarter. Main Management ETF Advisors LLC grew its stake in shares of Genius Sports by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 145,846 shares of the company’s stock valued at $1,517,000 after buying an additional 2,376 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Genius Sports by 8.3% in the second quarter. PNC Financial Services Group Inc. now owns 33,120 shares of the company’s stock worth $344,000 after buying an additional 2,532 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on GENI. BTIG Research reissued a “buy” rating and issued a $16.00 target price on shares of Genius Sports in a research report on Thursday, February 12th. Citigroup reiterated an “outperform” rating on shares of Genius Sports in a report on Monday, February 9th. Citizens Jmp increased their target price on shares of Genius Sports from $15.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Thursday, December 4th. Oppenheimer cut their target price on Genius Sports from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Stifel Nicolaus initiated coverage on Genius Sports in a research note on Wednesday, January 21st. They set a “hold” rating and a $10.00 price target for the company. Three equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.62.

Genius Sports Price Performance

Genius Sports stock opened at $6.29 on Thursday. Genius Sports Limited has a fifty-two week low of $5.70 and a fifty-two week high of $13.73. The firm has a fifty day moving average price of $9.39 and a two-hundred day moving average price of $10.90. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -13.37 and a beta of 1.85.

About Genius Sports

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.