Genius Sports Limited $GENI Shares Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Genius Sports Limited (NYSE:GENI) by 70.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,642 shares of the company’s stock after acquiring an additional 6,865 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Genius Sports were worth $173,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. D.A. Davidson & CO. increased its holdings in shares of Genius Sports by 67.0% in the 1st quarter. D.A. Davidson & CO. now owns 89,551 shares of the company’s stock worth $896,000 after acquiring an additional 35,943 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Genius Sports by 194.9% during the first quarter. Envestnet Asset Management Inc. now owns 48,904 shares of the company’s stock valued at $490,000 after purchasing an additional 32,322 shares during the period. IFC Advisors LLC increased its holdings in shares of Genius Sports by 6.8% during the first quarter. IFC Advisors LLC now owns 2,735,155 shares of the company’s stock valued at $27,379,000 after purchasing an additional 173,171 shares during the period. Moody National Bank Trust Division increased its stake in Genius Sports by 11.8% during the 2nd quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after buying an additional 69,600 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Genius Sports during the first quarter valued at approximately $906,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GENI. Citigroup reiterated an “outperform” rating on shares of Genius Sports in a research report on Wednesday, September 3rd. B. Riley lifted their target price on Genius Sports from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Wall Street Zen cut Genius Sports from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Roth Capital initiated coverage on Genius Sports in a research note on Friday, September 12th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Arete Research upgraded shares of Genius Sports to a “strong-buy” rating in a report on Wednesday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, fifteen 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 presently has an average rating of “Moderate Buy” and an average price target of $14.22.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $11.19 on Friday. Genius Sports Limited has a 52-week low of $6.72 and a 52-week high of $13.73. The stock has a 50-day simple moving average of $12.38 and a 200-day simple moving average of $11.21. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -36.08 and a beta of 1.85.

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

Genius Sports Company 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.