Rock Creek Group LP Sells 170,000 Shares of Genius Sports Limited $GENI

Rock Creek Group LP trimmed its holdings in shares of Genius Sports Limited (NYSE:GENI) by 85.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the company’s stock after selling 170,000 shares during the period. Rock Creek Group LP’s holdings in Genius Sports were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GENI. Royal Bank of Canada raised its stake in shares of Genius Sports by 17.6% during the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after purchasing an additional 6,623 shares during the period. Cetera Investment Advisers raised its stake in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares during the period. Prudential Financial Inc. bought a new stake in shares of Genius Sports during the 2nd quarter worth $266,000. 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 worth $34,233,000 after acquiring an additional 3,202,290 shares during the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in Genius Sports in the 2nd quarter worth about $14,220,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Stock Up 5.1%

GENI stock opened at $5.89 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of -9.65 and a beta of 1.80. Genius Sports Limited has a twelve month low of $3.83 and a twelve month high of $13.73. The stock has a 50-day simple moving average of $4.61 and a two-hundred day simple moving average of $7.30.

Genius Sports (NYSE:GENI) last posted its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 22.26% and a negative return on equity of 20.34%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) EPS. On average, equities research analysts anticipate that Genius Sports Limited will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

GENI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Genius Sports in a report on Monday, May 11th. They issued a “buy” rating and a $10.00 price objective for the company. BTIG Research decreased their price objective on Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Wall Street Zen lowered Genius Sports from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Truist Financial decreased their price objective on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Wells Fargo & Company decreased their price objective on Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Three equities 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 given a Sell rating to the company’s stock. According to MarketBeat, Genius Sports has a consensus rating of “Moderate Buy” and a consensus 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.