GM Advisory Group LLC Acquires 100,000 Shares of Genius Sports Limited $GENI

GM Advisory Group LLC grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 99.4% in the 1st quarter, Holdings Channel reports. The fund owned 200,600 shares of the company’s stock after buying an additional 100,000 shares during the period. GM Advisory Group LLC’s holdings in Genius Sports were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GENI. Prelude Capital Management LLC boosted its stake in shares of 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 increased its position in Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC increased its position in Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after purchasing 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 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock valued at $1,803,000 after purchasing 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 4th quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock valued at $755,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

Shares of NYSE GENI opened at $6.42 on Monday. The firm has a 50 day moving average price of $5.51 and a two-hundred day moving average price of $6.61. The stock has a market cap of $1.58 billion, a P/E ratio of -10.52 and a beta of 1.91. Genius Sports Limited has a 52-week low of $3.83 and a 52-week high of $13.73.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data 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). The business had revenue of $187.95 million during the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS. Analysts predict that Genius Sports Limited will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genius Sports in a research note on Monday, May 11th. They set a “buy” rating and a $10.00 target price on the stock. B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Citigroup cut their price objective on Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Needham & Company LLC reduced their price objective on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Roth Mkm set a $10.00 target price on Genius Sports in a report 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 given a Sell rating to the stock. According to data from MarketBeat.com, Genius Sports currently has a consensus 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.