Granahan Investment Management LLC Has $86.55 Million Stock Position in Genius Sports Limited $GENI

Granahan Investment Management LLC trimmed its position in Genius Sports Limited (NYSE:GENI) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,853,872 shares of the company’s stock after selling 123,300 shares during the period. Genius Sports comprises 3.7% of Granahan Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. Granahan Investment Management LLC owned approximately 3.65% of Genius Sports worth $86,550,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. bought a new stake in Genius Sports in the 4th quarter worth about $63,000. Aster Capital Management DIFC Ltd bought a new stake in Genius Sports in the 3rd quarter worth about $65,000. Osaic Holdings Inc. grew its position in Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after purchasing an additional 4,477 shares in the last quarter. Orion Porfolio Solutions LLC bought a new stake in Genius Sports in the 2nd quarter worth about $112,000. Finally, Victory Financial Group LLC bought a new stake in Genius Sports in the 4th quarter worth about $113,000. 81.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GENI shares. Stifel Nicolaus reduced their price objective on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Wells Fargo & Company reduced their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th. Truist Financial reduced their price objective on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Finally, Oppenheimer reduced their target price on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.68.

Genius Sports Stock Up 0.6%

Genius Sports stock opened at $6.91 on Wednesday. Genius Sports Limited has a twelve month low of $3.83 and a twelve month high of $13.73. The firm has a 50 day moving average price of $5.09 and a 200-day moving average price of $7.03. The company has a market capitalization of $1.70 billion, a P/E ratio of -11.33 and a beta of 1.90.

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 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 company had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The firm’s revenue was up 30.5% on a year-over-year basis. Equities analysts expect that Genius Sports Limited will post -0.12 EPS for the current fiscal year.

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.