Genius Sports Limited $GENI Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Genius Sports Limited (NYSE:GENI) by 274.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,534 shares of the company’s stock after acquiring an additional 75,142 shares during the period. Quantinno Capital Management LP’s holdings in Genius Sports were worth $454,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GENI. Royal Bank of Canada boosted its stake in Genius Sports by 17.6% during the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after purchasing an additional 6,623 shares during the period. Cetera Investment Advisers increased its stake in Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after purchasing an additional 1,388 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Genius Sports in the second quarter valued at about $266,000. Invesco Ltd. raised 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 buying an additional 3,202,290 shares during the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Genius Sports during the second quarter worth about $14,220,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company reissued an “equal weight” rating and set a $8.00 price target on shares of Genius Sports in a report on Friday, August 7th. Freedom Capital raised Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. Weiss Ratings raised Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Needham & Company LLC lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Roth Capital reissued a “buy” rating and issued a $12.00 target price on shares of Genius Sports in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.44.

Genius Sports Stock Up 1.4%

Shares of NYSE:GENI opened at $8.04 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -11.82 and a beta of 1.90. The firm’s 50-day simple moving average is $6.85 and its 200-day simple moving average is $5.85. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). The firm had revenue of $195.50 million for the quarter, compared to analyst estimates of $184.43 million. Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The company’s revenue was up 64.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.21) earnings per share. As a group, equities research analysts predict that Genius Sports Limited will post -0.35 earnings per share for the current year.

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.