Quantinno Capital Management LP Grows Position in Genius Sports Limited $GENI

Quantinno Capital Management LP raised its holdings in Genius Sports Limited (NYSE:GENI) by 274.3% in the first quarter, Holdings Channel.com reports. The fund owned 102,534 shares of the company’s stock after buying an additional 75,142 shares during the quarter. Quantinno Capital Management LP’s holdings in Genius Sports were worth $454,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GENI. Royal Bank of Canada grew 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 increased its holdings in shares of Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after purchasing an additional 1,388 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Genius Sports in the second quarter valued at about $266,000. Invesco Ltd. lifted its stake in shares of Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after purchasing an additional 3,202,290 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Genius Sports in the second quarter valued at about $14,220,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GENI. Zacks Research lowered shares of Genius Sports from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Stifel Nicolaus lifted their price target on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. BTIG Research boosted 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. Finally, Wall Street Zen cut Genius Sports from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Genius Sports presently has an average rating of “Moderate Buy” and a consensus price target of $11.44.

Genius Sports Trading Up 1.4%

Shares of GENI stock opened at $8.04 on Friday. The stock has a market cap of $1.98 billion, a P/E ratio of -11.82 and a beta of 1.90. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The business has a fifty day simple moving average of $6.85 and a 200-day simple moving average of $5.85.

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