Genius Sports Limited $GENI Stock Holdings Lifted by Voss Capital LP

Voss Capital LP raised its holdings in shares of Genius Sports Limited (NYSE:GENI) by 35.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,100,000 shares of the company’s stock after purchasing an additional 2,900,000 shares during the period. Genius Sports accounts for about 5.9% of Voss Capital LP’s portfolio, making the stock its 5th largest position. Voss Capital LP owned 5.16% of Genius Sports worth $122,322,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new position in Genius Sports during the 4th quarter valued at about $462,000. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Genius Sports by 3.3% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 230,629 shares of the company’s stock worth $2,565,000 after buying an additional 7,328 shares during the last quarter. Senvest Management LLC grew its position in shares of Genius Sports by 13.7% in the 4th quarter. Senvest Management LLC now owns 9,410,567 shares of the company’s stock worth $103,704,000 after buying an additional 1,135,577 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of Genius Sports by 25.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 23,300 shares of the company’s stock worth $257,000 after buying an additional 4,800 shares during the last quarter. Finally, HRT Financial LP purchased a new position in shares of Genius Sports in the 4th quarter worth approximately $3,697,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GENI. Wall Street Zen downgraded shares of Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Roth Mkm set a $10.00 price objective on shares of Genius Sports in a research report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Weiss Ratings downgraded shares of Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Finally, Oppenheimer cut their price objective on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.68.

Genius Sports Trading Down 2.5%

NYSE:GENI opened at $6.85 on Friday. The company has a market cap of $1.69 billion, a PE ratio of -11.23 and a beta of 1.90. Genius Sports Limited has a twelve month low of $3.83 and a twelve month high of $13.73. The company’s 50 day moving average is $5.00 and its two-hundred day moving average is $7.08.

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