WCM Investment Management LLC Increases Stock Holdings in Genius Sports Limited $GENI

WCM Investment Management LLC grew its stake in Genius Sports Limited (NYSE:GENI) by 510.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,917,437 shares of the company’s stock after purchasing an additional 2,439,890 shares during the period. WCM Investment Management LLC’s holdings in Genius Sports were worth $12,370,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GENI. Parallel Advisors LLC acquired a new stake in shares of Genius Sports during the first quarter worth $25,000. UMB Bank n.a. acquired a new position in Genius Sports in the 4th quarter valued at $63,000. Victory Financial Group LLC purchased a new position in Genius Sports during the 4th quarter worth $113,000. Osaic Holdings Inc. raised its position in Genius Sports by 72.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after buying an additional 4,477 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of Genius Sports in the 2nd quarter worth $112,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

Genius Sports stock opened at $6.79 on Tuesday. Genius Sports Limited has a one year low of $3.83 and a one year high of $13.73. The business has a fifty day moving average of $5.96 and a two-hundred day moving average of $6.27. The company has a market cap of $1.67 billion, a P/E ratio of -11.14 and a beta of 1.91.

Genius Sports (NYSE:GENI) last posted its quarterly 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). The company had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. Sell-side analysts predict that Genius Sports Limited will post -0.12 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on GENI. Wall Street Zen raised shares of Genius Sports from a “strong sell” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus cut their price target on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Weiss Ratings downgraded shares of Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Needham & Company LLC lowered their price objective on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th. Two investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.44.

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.