Granahan Investment Management LLC Has $86.55 Million Stake in Genius Sports Limited $GENI

Granahan Investment Management LLC cut its holdings in Genius Sports Limited (NYSE:GENI) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,853,872 shares of the company’s stock after selling 123,300 shares during the period. Genius Sports accounts for 3.7% of Granahan Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. Granahan Investment Management LLC’s holdings in Genius Sports were worth $86,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GENI. TimesSquare Capital Management LLC bought a new position in Genius Sports in the 4th quarter worth approximately $59,851,000. Invesco Ltd. boosted its holdings in Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after buying an additional 3,202,290 shares during the period. Voss Capital LP boosted its holdings in Genius Sports by 35.4% in the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after buying an additional 2,900,000 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Genius Sports by 82.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after buying an additional 2,647,948 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in Genius Sports by 68.9% in the 4th quarter. Stephens Investment Management Group LLC now owns 5,624,316 shares of the company’s stock worth $61,980,000 after buying an additional 2,293,847 shares during the period. 81.91% of the stock is owned by institutional investors.

Genius Sports Price Performance

NYSE GENI opened at $6.91 on Wednesday. Genius Sports Limited has a 1 year low of $3.83 and a 1 year high of $13.73. The stock has a market capitalization of $1.70 billion, a PE ratio of -11.33 and a beta of 1.90. The company’s 50 day simple moving average is $5.09 and its two-hundred day simple moving average is $7.03.

Genius Sports (NYSE:GENI) last posted its 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). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The firm had revenue of $187.95 million during the quarter, compared to analysts’ expectations of $170.60 million. During the same quarter in the prior year, the company earned ($0.03) earnings per share. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. On average, research analysts anticipate that Genius Sports Limited will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GENI. UBS Group reaffirmed a “buy” rating on shares of Genius Sports in a report on Wednesday, March 4th. BTIG Research cut their price objective on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Needham & Company LLC lowered their target price on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Wells Fargo & Company lowered their target price on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.68.

About Genius Sports

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.