Genius Sports Limited $GENI Position Boosted by Hood River Capital Management LLC

Hood River Capital Management LLC raised its position in shares of Genius Sports Limited (NYSE:GENI) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,811,333 shares of the company’s stock after buying an additional 215,384 shares during the quarter. Hood River Capital Management LLC owned about 3.16% of Genius Sports worth $70,838,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GENI. Wellington Management Group LLP increased its stake in Genius Sports by 25.4% during the first quarter. Wellington Management Group LLP now owns 10,244,434 shares of the company’s stock valued at $102,547,000 after purchasing an additional 2,076,590 shares during the last quarter. Voss Capital LP raised its stake in Genius Sports by 17.0% during the first quarter. Voss Capital LP now owns 9,269,519 shares of the company’s stock worth $92,788,000 after acquiring an additional 1,346,087 shares during the period. Cooper Creek Partners Management LLC lifted its holdings in Genius Sports by 9.6% in the second quarter. Cooper Creek Partners Management LLC now owns 9,191,865 shares of the company’s stock worth $95,595,000 after acquiring an additional 806,233 shares during the last quarter. Senvest Management LLC boosted its stake in Genius Sports by 1.4% in the second quarter. Senvest Management LLC now owns 7,813,156 shares of the company’s stock valued at $81,257,000 after acquiring an additional 107,083 shares during the period. Finally, Global Alpha Capital Management Ltd. acquired a new position in Genius Sports in the second quarter valued at approximately $43,552,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GENI. Wells Fargo & Company increased their price target on Genius Sports from $10.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a research note on Monday, December 1st. Citigroup reiterated an “outperform” rating on shares of Genius Sports in a research note on Thursday. Roth Capital initiated coverage on shares of Genius Sports in a research report on Friday, September 12th. They set a “buy” rating and a $16.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of Genius Sports in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.90.

Genius Sports Stock Performance

GENI opened at $10.83 on Monday. The stock’s fifty day moving average is $10.98 and its 200-day moving average is $11.18. Genius Sports Limited has a one year low of $8.15 and a one year high of $13.73. The company has a market capitalization of $2.33 billion, a PE ratio of -23.04 and a beta of 1.94.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%.The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $156.24 million. On average, equities research analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

About Genius Sports

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.