Senvest Management LLC Boosts Stock Holdings in Genius Sports Limited (NYSE:GENI)

Senvest Management LLC grew its stake in shares of Genius Sports Limited (NYSE:GENI) by 12.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,546,809 shares of the company’s stock after buying an additional 819,385 shares during the period. Genius Sports accounts for approximately 2.1% of Senvest Management LLC’s holdings, making the stock its 18th biggest holding. Senvest Management LLC’s holdings in Genius Sports were worth $59,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GENI. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Genius Sports by 42.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock valued at $98,000 after buying an additional 5,342 shares during the period. Levin Capital Strategies L.P. increased its position in shares of Genius Sports by 40.0% in the first quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $200,000 after acquiring an additional 10,000 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Genius Sports in the 3rd quarter valued at $78,000. Arkadios Wealth Advisors purchased a new position in shares of Genius Sports in the 3rd quarter valued at $79,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Genius Sports during the 2nd quarter valued at $64,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Stock Performance

Shares of Genius Sports stock opened at $9.07 on Friday. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $10.15. The firm’s 50-day simple moving average is $7.80 and its 200-day simple moving average is $6.73. The firm has a market cap of $2.08 billion, a PE ratio of -28.34 and a beta of 1.98.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) EPS. On average, equities analysts predict that Genius Sports Limited will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on GENI. Oppenheimer increased their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Macquarie increased their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group boosted their price target on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. B. Riley increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $10.39.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.