Genius Sports Limited $GENI is 1492 Capital Management LLC’s 6th Largest Position

1492 Capital Management LLC grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 16.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 623,169 shares of the company’s stock after buying an additional 88,315 shares during the period. Genius Sports accounts for about 2.6% of 1492 Capital Management LLC’s holdings, making the stock its 6th largest holding. 1492 Capital Management LLC owned about 0.29% of Genius Sports worth $6,867,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GENI. TimesSquare Capital Management LLC purchased a new stake in Genius Sports in the fourth quarter valued at $59,851,000. Invesco Ltd. lifted its position in 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 acquiring an additional 3,202,290 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in Genius Sports by 82.7% in the third quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock valued at $72,424,000 after acquiring an additional 2,647,948 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Genius Sports by 68.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 5,624,316 shares of the company’s stock valued at $61,980,000 after acquiring an additional 2,293,847 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Genius Sports by 17.9% in the third 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. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Trading Down 3.5%

Shares of GENI opened at $5.88 on Thursday. The firm’s 50-day moving average is $4.70 and its two-hundred day moving average is $7.19. Genius Sports Limited has a twelve month low of $3.83 and a twelve month high of $13.73. The firm has a market capitalization of $1.45 billion, a P/E ratio of -9.63 and a beta of 1.90.

Genius Sports (NYSE:GENI) last issued its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. Analysts predict that Genius Sports Limited will post -0.12 EPS for the current year.

Analyst Ratings Changes

GENI has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, April 9th. BTIG Research dropped their price target on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Needham & Company LLC dropped their price target on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. UBS Group reiterated a “buy” rating on shares of Genius Sports in a research note on Wednesday, March 4th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.68.

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.