Westfield Capital Management Co. LP Grows Stake in Genius Sports Limited $GENI

Westfield Capital Management Co. LP boosted its position in Genius Sports Limited (NYSE:GENI) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,951,203 shares of the company’s stock after purchasing an additional 101,120 shares during the period. Westfield Capital Management Co. LP owned about 2.77% of Genius Sports worth $65,582,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in Genius Sports in the 3rd quarter valued at approximately $65,000. Bessemer Group Inc. increased its position in Genius Sports by 1,163.1% during the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after buying an additional 6,455 shares in the last quarter. Osaic Holdings Inc. increased its position 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 buying an additional 4,477 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new position in Genius Sports during the second quarter worth $112,000. Finally, Victory Financial Group LLC purchased a new position in Genius Sports during the fourth quarter worth $113,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GENI shares. Citigroup dropped their price target on Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Wall Street Zen downgraded Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Benchmark reissued a “buy” rating on shares of Genius Sports in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a research report on Monday, May 11th. They set a “buy” rating and a $10.00 price target for the company. Finally, Wells Fargo & Company dropped their price target on Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and an average price target of $11.68.

Genius Sports Stock Down 7.2%

Shares of NYSE:GENI opened at $5.91 on Friday. The company has a market cap of $1.45 billion, a P/E ratio of -9.68 and a beta of 1.90. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73. The business has a fifty day simple moving average of $4.76 and a 200-day simple moving average of $7.16.

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

Genius Sports 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.