Genius Sports Limited $GENI is IFC Advisors LLC’s 7th Largest Position

IFC Advisors LLC grew its holdings in Genius Sports Limited (NYSE:GENI) by 23.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,583,833 shares of the company’s stock after buying an additional 676,034 shares during the quarter. Genius Sports makes up 2.3% of IFC Advisors LLC’s holdings, making the stock its 7th biggest holding. IFC Advisors LLC’s holdings in Genius Sports were worth $15,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GENI. Wellington Management Group LLP boosted its position in Genius Sports by 17.9% during the third quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock worth $167,298,000 after acquiring an additional 2,051,503 shares during the last quarter. Voss Capital LP raised its holdings in Genius Sports by 35.4% in the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after acquiring an additional 2,900,000 shares during the last quarter. Senvest Management LLC raised its holdings in Genius Sports by 13.7% in the 4th quarter. Senvest Management LLC now owns 9,410,567 shares of the company’s stock valued at $103,704,000 after acquiring an additional 1,135,577 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in Genius Sports by 35.1% in the 1st quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock worth $33,661,000 after purchasing an additional 1,974,043 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Genius Sports by 1.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock worth $65,582,000 after purchasing an additional 101,120 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Roth Capital set a $10.00 price target on Genius Sports in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on Genius Sports in a research note on Monday, May 11th. They set a “buy” rating and a $10.00 price objective on the stock. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. Stifel Nicolaus cut their target price on Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Finally, BTIG Research reduced their price target on Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.50.

Genius Sports Price Performance

Shares of GENI opened at $6.21 on Monday. The firm has a 50-day simple moving average of $5.72 and a two-hundred day simple moving average of $6.46. The stock has a market cap of $1.53 billion, a PE ratio of -10.18 and a beta of 1.91. Genius Sports Limited has a 1-year low of $3.83 and a 1-year high of $13.73.

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