Penn Capital Management Company LLC Grows Stock Holdings in Genius Sports Limited $GENI

Penn Capital Management Company LLC grew its holdings in Genius Sports Limited (NYSE:GENI) by 2,593.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,219,711 shares of the company’s stock after acquiring an additional 1,174,431 shares during the period. Penn Capital Management Company LLC owned about 0.57% of Genius Sports worth $15,116,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased 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 valued at $34,233,000 after purchasing an additional 3,202,290 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Genius Sports by 82.7% in the third 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. Geode Capital Management LLC purchased a new stake in shares of Genius Sports in the second quarter worth about $27,312,000. Stephens Investment Management Group LLC grew its stake in shares of Genius Sports by 341.6% in the third quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company’s stock valued at $41,231,000 after buying an additional 2,576,329 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Genius Sports by 17.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock valued at $167,298,000 after buying an additional 2,051,503 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GENI. Guggenheim decreased their price target on Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 6th. Northland Securities set a $12.00 target price on shares of Genius Sports in a research note on Friday, February 6th. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. The Goldman Sachs Group boosted their price objective on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Finally, Needham & Company LLC dropped their target price on Genius Sports from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.84.

Genius Sports Price Performance

NYSE GENI opened at $4.99 on Wednesday. The company’s fifty day moving average price is $7.44 and its two-hundred day moving average price is $9.97. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -11.61 and a beta of 1.91. Genius Sports Limited has a 12 month low of $4.96 and a 12 month high of $13.73.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $240.50 million during the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. As a group, analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current 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.