Genius Sports Limited $GENI Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 11.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,714,882 shares of the company’s stock after purchasing an additional 169,398 shares during the period. Wellington Management Group LLP’s holdings in Genius Sports were worth $10,392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GENI. Parallel Advisors LLC acquired a new stake in Genius Sports during the first quarter valued at approximately $25,000. UMB Bank n.a. acquired a new position in Genius Sports in the fourth quarter worth approximately $63,000. Lexington Hill Partners LLC acquired a new position in Genius Sports in the second quarter worth approximately $64,000. Osaic Holdings Inc. increased its holdings in shares of Genius Sports by 72.6% in the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after buying an additional 4,477 shares in the last quarter. Finally, Orion Porfolio Solutions LLC bought a new position in shares of Genius Sports in the second quarter valued at $112,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Price Performance

GENI opened at $7.51 on Tuesday. The stock has a fifty day moving average price of $7.18 and a 200 day moving average price of $5.93. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10. 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 $1.85 billion, a price-to-earnings ratio of -11.04 and a beta of 1.88.

Genius Sports (NYSE:GENI) last issued its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.21). Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The firm had revenue of $195.50 million during the quarter, compared to analyst estimates of $184.43 million. During the same period in the previous year, the company earned ($0.21) earnings per share. The business’s revenue for the quarter was up 64.7% on a year-over-year basis. Analysts forecast that Genius Sports Limited will post -0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GENI shares. Freedom Capital raised Genius Sports to a “strong-buy” rating in a research note on Monday, July 20th. Wall Street Zen raised Genius Sports from a “strong sell” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $8.00 target price on shares of Genius Sports in a report on Friday, August 7th. Stifel Nicolaus increased their price target on Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Finally, BTIG Research lifted their price target on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Genius Sports presently has an average rating of “Moderate Buy” and a consensus target price of $11.44.

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.