Rock Creek Group LP Has $331,000 Stake in Genius Sports Limited $GENI

Rock Creek Group LP lowered its holdings in Genius Sports Limited (NYSE:GENI) by 85.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the company’s stock after selling 170,000 shares during the quarter. Rock Creek Group LP’s holdings in Genius Sports were worth $331,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GENI. TimesSquare Capital Management LLC acquired a new stake in Genius Sports in the 4th quarter valued at $59,851,000. Invesco Ltd. grew its position in Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after purchasing an additional 3,202,290 shares during the period. Westfield Capital Management Co. LP grew its position in Genius Sports by 82.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock valued at $72,424,000 after purchasing an additional 2,647,948 shares during the period. Stephens Investment Management Group LLC grew its position in Genius Sports by 68.9% in the 4th quarter. Stephens Investment Management Group LLC now owns 5,624,316 shares of the company’s stock valued at $61,980,000 after purchasing an additional 2,293,847 shares during the period. Finally, Wellington Management Group LLP grew its position in Genius Sports by 17.9% in the 3rd quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock valued at $167,298,000 after purchasing an additional 2,051,503 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analyst Ratings Changes

GENI has been the subject of several research reports. Citigroup reduced their price target on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Needham & Company LLC reduced their price target on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, May 8th. UBS Group reissued a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Stifel Nicolaus reduced their price target on shares of 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, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genius Sports in a research report on Monday, May 11th. They issued a “buy” rating and a $10.00 price target for the company. Three research 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 assigned a Sell rating to the company. According to MarketBeat, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.68.

Genius Sports Trading Up 5.1%

Shares of NYSE:GENI opened at $5.89 on Friday. The stock’s fifty day simple moving average is $4.61 and its two-hundred day simple moving average is $7.30. Genius Sports Limited has a 1-year low of $3.83 and a 1-year high of $13.73. The stock has a market cap of $1.45 billion, a PE ratio of -9.65 and a beta of 1.80.

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