CenterBook Partners LP Purchases Shares of 218,438 Genius Sports Limited $GENI

CenterBook Partners LP acquired a new stake in Genius Sports Limited (NYSE:GENI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 218,438 shares of the company’s stock, valued at approximately $2,407,000. CenterBook Partners LP owned approximately 0.10% of Genius Sports as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in Genius Sports in the 3rd quarter worth approximately $65,000. Bessemer Group Inc. lifted its holdings in shares of Genius Sports by 1,163.1% in the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after buying an additional 6,455 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Genius Sports by 72.6% in the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after buying an additional 4,477 shares in the last quarter. Orion Porfolio Solutions LLC bought a new position in shares of Genius Sports during the second quarter worth $112,000. Finally, Victory Financial Group LLC purchased a new position in Genius Sports during the fourth quarter valued at $113,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Up 4.5%

GENI opened at $6.75 on Wednesday. The stock has a 50-day moving average of $4.85 and a 200 day moving average of $7.11. Genius Sports Limited has a 12 month low of $3.83 and a 12 month high of $13.73. The firm has a market cap of $1.66 billion, a P/E ratio of -11.07 and a beta of 1.90.

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

Analysts Set New Price Targets

GENI has been the topic of several research analyst reports. Oppenheimer decreased their price target on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Stifel Nicolaus reduced their target price on Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 9th. Roth Mkm set a $10.00 target price on Genius Sports in a research report on Friday, May 8th. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Finally, Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Genius Sports currently has an average rating of “Moderate Buy” and an average 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.