Stephens Investment Management Group LLC Boosts Holdings in Genius Sports Limited $GENI

Stephens Investment Management Group LLC lifted its stake in Genius Sports Limited (NYSE:GENI) by 68.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,624,316 shares of the company’s stock after buying an additional 2,293,847 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Genius Sports were worth $61,980,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GENI. Aster Capital Management DIFC Ltd purchased a new position in Genius Sports in the 3rd quarter worth about $65,000. Strs Ohio raised its position in Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after buying an additional 3,400 shares during the last quarter. Bessemer Group Inc. raised its position in Genius Sports by 1,163.1% in the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after buying an additional 6,455 shares during the last quarter. CWM LLC raised its position in Genius Sports by 106.3% in the 3rd quarter. CWM LLC now owns 8,209 shares of the company’s stock worth $102,000 after buying an additional 4,229 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after buying an additional 4,477 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group reissued a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Wall Street Zen lowered Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Truist Financial decreased their target price on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Stifel Nicolaus decreased their target price on Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Finally, BTIG Research decreased their target price on Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.68.

Genius Sports Stock Up 1.8%

Genius Sports stock opened at $4.24 on Friday. The business has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $7.71. The company has a market cap of $1.04 billion, a P/E ratio of -6.94 and a beta of 1.80. Genius Sports Limited has a 52-week low of $3.83 and a 52-week high of $13.73.

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

Genius Sports 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.