Genius Sports Limited $GENI Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in shares of Genius Sports Limited (NYSE:GENI) by 277.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,197,700 shares of the company’s stock after acquiring an additional 1,614,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Genius Sports were worth $9,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Prelude Capital Management LLC raised its position in Genius Sports by 1.3% in the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after purchasing an additional 1,181 shares in the last quarter. Cetera Investment Advisers raised its holdings 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 acquiring an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in Genius Sports by 2.0% in the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after acquiring an additional 1,512 shares in the last quarter. Main Management ETF Advisors LLC lifted its stake in Genius Sports by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after acquiring an additional 1,672 shares during the last quarter. Finally, First Dallas Securities Inc. lifted its stake in Genius Sports by 3.0% in the fourth quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock worth $755,000 after acquiring an additional 2,000 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Trading Down 0.0%

Shares of GENI opened at $6.93 on Monday. The firm has a market cap of $1.71 billion, a PE ratio of -11.36 and a beta of 1.90. The company’s 50 day simple moving average is $6.34 and its 200-day simple moving average is $6.02. Genius Sports Limited has a 12-month low of $3.83 and a 12-month high of $13.73.

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

Analysts Set New Price Targets

GENI has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th. Stifel Nicolaus boosted their target price on shares of Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. BTIG Research cut their price target on Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Roth Capital set a $10.00 price target on Genius Sports in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen 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, Genius Sports has an average rating of “Moderate Buy” and an average price target of $11.14.

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.