Hodges Capital Management Inc. Sells 1,646,283 Shares of Genius Sports Limited $GENI

Hodges Capital Management Inc. reduced its position in Genius Sports Limited (NYSE:GENI) by 79.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 429,382 shares of the company’s stock after selling 1,646,283 shares during the quarter. Hodges Capital Management Inc.’s holdings in Genius Sports were worth $1,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baer Investment Advisory LLC bought a new stake in shares of Genius Sports during the 1st quarter worth approximately $61,000. UMB Bank n.a. acquired a new position in Genius Sports during the fourth quarter valued at approximately $63,000. Clarus Group Inc. bought a new stake in Genius Sports during the first quarter worth $87,000. Osaic Holdings Inc. lifted its stake 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 acquired a new stake in shares of Genius Sports in the 2nd quarter valued at $112,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GENI. Roth Mkm set a $10.00 price target on Genius Sports in a research note on Friday, May 8th. Citigroup reduced their price objective on Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Needham & Company LLC decreased their target price 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. Stifel Nicolaus lowered their target price on Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Finally, Wall Street Zen cut shares of Genius Sports from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.68.

Genius Sports Price Performance

GENI opened at $6.87 on Tuesday. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -10.95 and a beta of 1.91. The company’s 50 day moving average price is $5.56 and its two-hundred day moving average price is $6.58.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The business had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. Genius Sports’s revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS. As a group, equities research analysts predict that Genius Sports Limited will post -0.12 EPS for the current year.

Genius Sports Company 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.