1492 Capital Management LLC Grows Stock Holdings in Genius Sports Limited $GENI

1492 Capital Management LLC boosted its stake in shares of Genius Sports Limited (NYSE:GENI) by 17.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 729,395 shares of the company’s stock after buying an additional 106,226 shares during the quarter. 1492 Capital Management LLC’s holdings in Genius Sports were worth $3,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Genius Sports during the 3rd quarter valued at approximately $65,000. UMB Bank n.a. purchased a new position in Genius Sports in the 4th quarter valued at approximately $63,000. Victory Financial Group LLC purchased a new position in Genius Sports in the 4th quarter valued at approximately $113,000. Osaic Holdings Inc. raised its holdings in Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after purchasing an additional 4,477 shares during the last quarter. Finally, Orion Porfolio Solutions LLC purchased a new stake in Genius Sports during the second quarter worth $112,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. Benchmark reiterated a “buy” rating on shares of Genius Sports in a research report on Thursday, March 5th. Weiss Ratings raised shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. Wells Fargo & Company dropped their target price on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Finally, BTIG Research cut their target price on shares of 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 investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.68.

Genius Sports Stock Up 14.1%

NYSE GENI opened at $6.21 on Friday. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The business has a fifty day moving average of $5.36 and a 200-day moving average of $6.80. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -10.17 and a beta of 1.90.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS 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 company had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. As a group, analysts anticipate that Genius Sports Limited will post -0.12 EPS for the current 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.