Genius Sports Limited $GENI Shares Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division grew its holdings in Genius Sports Limited (NYSE:GENI) by 32.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 589,959 shares of the company’s stock after acquiring an additional 146,044 shares during the quarter. Moody National Bank Trust Division’s holdings in Genius Sports were worth $3,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GENI. ABS Direct Equity Fund LLC acquired a new stake in Genius Sports during the first quarter worth approximately $1,772,000. Quent Capital LLC acquired a new position in shares of Genius Sports in the 4th quarter valued at $2,840,000. UBS Group AG boosted its holdings in shares of Genius Sports by 45.1% in the 4th quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock valued at $43,804,000 after buying an additional 1,235,352 shares in the last quarter. IFC Advisors LLC grew its position in shares of Genius Sports by 23.2% in the 1st quarter. IFC Advisors LLC now owns 3,583,833 shares of the company’s stock valued at $15,876,000 after buying an additional 676,034 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Genius Sports by 65.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock valued at $17,321,000 after buying an additional 1,549,816 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of NYSE:GENI opened at $8.09 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 cap of $1.99 billion, a P/E ratio of -13.26 and a beta of 1.90. The firm has a fifty day moving average price of $6.43 and a 200 day moving average price of $5.99.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) 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 business had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. Sell-side analysts expect that Genius Sports Limited will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GENI. Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a research report on Monday, May 11th. They issued a “buy” rating and a $10.00 price target for the company. The Goldman Sachs Group initiated coverage on Genius Sports in a report on Monday, July 27th. They set a “buy” rating and a $9.50 price objective on the stock. Wells Fargo & Company cut their target price on Genius Sports from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. Roth Capital set a $10.00 target price on Genius Sports in a report on Friday, May 8th. Finally, Wall Street Zen raised Genius Sports from a “strong sell” rating to a “sell” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.14.

Genius Sports Company 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.