Divisadero Street Capital Management LP Buys 378,907 Shares of Genius Sports Limited $GENI

Divisadero Street Capital Management LP increased its stake in shares of Genius Sports Limited (NYSE:GENI) by 226.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 545,892 shares of the company’s stock after buying an additional 378,907 shares during the period. Divisadero Street Capital Management LP owned about 0.25% of Genius Sports worth $6,758,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Genius Sports by 17.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock worth $167,298,000 after purchasing an additional 2,051,503 shares during the last quarter. Cooper Creek Partners Management LLC lifted its stake 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 valued at $95,595,000 after purchasing an additional 806,233 shares during the last quarter. Senvest Management LLC grew its holdings 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 during the period. Hood River Capital Management LLC grew its holdings 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 valued at $70,838,000 after purchasing an additional 215,384 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in 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 worth $72,424,000 after buying an additional 2,647,948 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Up 3.2%

Genius Sports stock opened at $5.34 on Monday. Genius Sports Limited has a 1-year low of $4.96 and a 1-year high of $13.73. The firm has a market capitalization of $1.15 billion, a PE ratio of -12.41 and a beta of 1.91. The firm’s 50 day simple moving average is $7.68 and its 200 day simple moving average is $10.08.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $234.94 million. Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) earnings per share. Research analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citizens Jmp increased their price target on Genius Sports from $15.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Thursday, December 4th. Guggenheim dropped their price target on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Wells Fargo & Company cut their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Northland Securities set a $12.00 target price on shares of Genius Sports in a report on Friday, February 6th. Finally, BTIG Research dropped their target price on Genius Sports from $16.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.84.

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.