Genius Sports Limited $GENI Shares Purchased by SG Capital Management LLC

SG Capital Management LLC grew its holdings in shares of Genius Sports Limited (NYSE:GENI) by 41.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 417,251 shares of the company’s stock after buying an additional 122,434 shares during the period. SG Capital Management LLC owned 0.19% of Genius Sports worth $5,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GENI. New York State Common Retirement Fund raised its position in shares of Genius Sports by 395.5% during the 3rd quarter. New York State Common Retirement Fund now owns 979,000 shares of the company’s stock worth $12,120,000 after buying an additional 781,411 shares in the last quarter. Hodges Capital Management Inc. increased its stake in shares of Genius Sports by 351.7% during the second quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock valued at $10,101,000 after acquiring an additional 756,235 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Genius Sports by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,006,277 shares of the company’s stock worth $36,316,000 after purchasing an additional 117,591 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in Genius Sports by 341.6% in the third quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company’s stock worth $41,231,000 after purchasing an additional 2,576,329 shares during the period. Finally, Peregrine Capital Management LLC acquired a new stake in Genius Sports in the third quarter worth approximately $10,153,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GENI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a research note on Monday, December 29th. Truist Financial set a $15.00 target price on Genius Sports in a report on Monday, February 2nd. Stifel Nicolaus started coverage on shares of Genius Sports in a research report on Wednesday, January 21st. They issued a “hold” rating and a $10.00 price target on the stock. Northland Securities set a $12.00 price objective on shares of Genius Sports in a research report on Friday, February 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.62.

Genius Sports Price Performance

Shares of GENI opened at $6.29 on Thursday. The company has a 50-day moving average of $9.39 and a two-hundred day moving average of $10.90. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -13.37 and a beta of 1.85. Genius Sports Limited has a one year low of $5.70 and a one year high of $13.73.

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.