Genius Sports Limited $GENI Stock Holdings Lifted by Sycale Advisors NY LLC

Sycale Advisors NY LLC increased its position in shares of Genius Sports Limited (NYSE:GENI) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,036,060 shares of the company’s stock after acquiring an additional 160,014 shares during the quarter. Genius Sports accounts for about 4.5% of Sycale Advisors NY LLC’s holdings, making the stock its 11th largest position. Sycale Advisors NY LLC’s holdings in Genius Sports were worth $9,020,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GENI. Parallel Advisors LLC acquired a new position in Genius Sports in the 1st quarter worth approximately $25,000. Baer Investment Advisory LLC acquired a new stake in Genius Sports during the 1st quarter valued at $61,000. UMB Bank n.a. purchased a new stake in shares of Genius Sports in the fourth quarter valued at $63,000. Principal Financial Group Inc. lifted its holdings in shares of Genius Sports by 24.1% in the first quarter. Principal Financial Group Inc. now owns 16,038 shares of the company’s stock valued at $71,000 after purchasing an additional 3,114 shares in the last quarter. Finally, Clarus Group Inc. acquired a new stake in shares of Genius Sports in the first quarter worth $87,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of GENI stock opened at $6.36 on Thursday. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The stock’s 50-day moving average is $6.05 and its two-hundred day moving average is $6.20. The firm has a market cap of $1.57 billion, a P/E ratio of -10.42 and a beta of 1.91.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. As a group, research analysts expect that Genius Sports Limited will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Genius Sports in a report on Monday, May 11th. They set a “buy” rating and a $10.00 price target on the stock. BTIG Research decreased their price objective on Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Stifel Nicolaus lifted their target price on Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research note on Wednesday. Truist Financial dropped their target price on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Genius Sports from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 18th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.56.

Genius Sports Company 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.