Genius Sports Limited $GENI Shares Acquired by Senvest Management LLC

Senvest Management LLC increased its stake in shares of Genius Sports Limited (NYSE:GENI) by 45.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,653,724 shares of the company’s stock after buying an additional 4,243,157 shares during the quarter. Genius Sports comprises approximately 2.0% of Senvest Management LLC’s holdings, making the stock its 22nd largest position. Senvest Management LLC owned 0.06% of Genius Sports worth $60,486,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GENI. Prelude Capital Management LLC lifted its stake in Genius Sports by 1.3% in the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after buying an additional 1,181 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Genius Sports by 10.0% during the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after acquiring an additional 1,388 shares during the period. SkyView Investment Advisors LLC boosted its holdings in shares of Genius Sports by 2.0% during the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after acquiring an additional 1,512 shares during the period. Main Management ETF Advisors LLC grew its position in shares of Genius Sports by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after acquiring an additional 1,672 shares during the last quarter. Finally, First Dallas Securities Inc. grew its position in shares of Genius Sports by 3.0% during the fourth quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock worth $755,000 after acquiring an additional 2,000 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GENI shares. Roth Capital set a $10.00 price objective on shares of Genius Sports in a research report on Friday, May 8th. BTIG Research decreased their target price on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Needham & Company LLC decreased their target price on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, May 8th. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Finally, Wall Street Zen raised Genius Sports from a “strong sell” rating to a “sell” rating in a report on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.56.

Genius Sports Stock Performance

NYSE:GENI opened at $6.53 on Friday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -10.70 and a beta of 1.91. Genius Sports Limited has a 1 year low of $3.83 and a 1 year high of $13.73. The business has a fifty day moving average of $6.14 and a 200-day moving average of $6.18.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data 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 the consensus estimate of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. Genius Sports’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. On average, equities research analysts predict that Genius Sports Limited will post -0.12 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.