WINTON GROUP Ltd Makes New $1.12 Million Investment in Genius Sports Limited $GENI

WINTON GROUP Ltd acquired a new stake in Genius Sports Limited (NYSE:GENI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 184,754 shares of the company’s stock, valued at approximately $1,120,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Genius Sports by 17.6% during the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock valued at $444,000 after buying an additional 6,623 shares in the last quarter. Cetera Investment Advisers increased its holdings in Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after acquiring an additional 1,388 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Genius Sports in the 2nd quarter worth $266,000. Invesco Ltd. raised its position in Genius Sports by 3,584.2% during the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after acquiring an additional 3,202,290 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in Genius Sports during the second quarter worth $14,220,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Trading Up 0.2%

GENI opened at $6.84 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50 day simple moving average is $7.23 and its two-hundred day simple moving average is $5.95. Genius Sports Limited has a 1-year low of $3.83 and a 1-year high of $13.69. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -10.05 and a beta of 1.88.

Genius Sports (NYSE:GENI) last issued its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The company 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 for the quarter was up 64.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. Analysts expect that Genius Sports Limited will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GENI shares. Benchmark restated a “buy” rating on shares of Genius Sports in a research report on Friday, August 28th. BTIG Research lifted their price objective on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Freedom Capital raised Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Guggenheim lifted their price target on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Stifel Nicolaus increased their price objective on Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.44.

About Genius Sports

Genius Sports Limited (NYSE:GENI) is a sports technology and data company that provides official sports data, technology, and digital services to sports leagues, federations, teams, broadcasters, sportsbooks, and brands. Its platforms help clients collect, manage, distribute, and commercialize live sports information across digital channels.

The company’s offerings include live scores and statistics, data feeds for sports betting, fan-engagement tools, video streaming and content services, and advertising and sponsorship technology.