Jag Capital Management LLC Invests $110,000 in Genius Sports Limited $GENI

Jag Capital Management LLC purchased a new position in Genius Sports Limited (NYSE:GENI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,575 shares of the company’s stock, valued at approximately $110,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Genius Sports in the 1st quarter worth $37,000. Pacer Advisors Inc. grew its position in Genius Sports by 61.5% during the first quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock worth $38,000 after buying an additional 1,430 shares in the last quarter. CWM LLC grew its position in Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after buying an additional 2,920 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its position in Genius Sports by 46.7% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 9,777 shares of the company’s stock worth $98,000 after buying an additional 3,112 shares in the last quarter. Finally, IPG Investment Advisors LLC acquired a new stake in Genius Sports during the first quarter worth about $107,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GENI. UBS Group lifted their price objective on Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Truist Financial began coverage on shares of Genius Sports in a research note on Tuesday, July 1st. They set a “buy” rating and a $14.00 price target on the stock. Macquarie lifted their price target on shares of Genius Sports from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Northland Securities started coverage on shares of Genius Sports in a research report on Friday, July 25th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Arete started coverage on shares of Genius Sports in a research report on Wednesday, July 9th. They set a “buy” rating and a $15.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.22.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $11.59 on Tuesday. Genius Sports Limited has a 52 week low of $6.72 and a 52 week high of $13.73. The company’s fifty day moving average is $12.56 and its 200-day moving average is $11.00. The company has a market capitalization of $2.50 billion, a PE ratio of -37.40 and a beta of 1.85.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The firm had revenue of $118.72 million during the quarter, compared to analyst estimates of $118.28 million. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. Genius Sports’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, analysts forecast that Genius Sports Limited will post -0.1 EPS for the current year.

Genius Sports Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.