Genius Sports Limited $GENI Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC lifted its holdings in Genius Sports Limited (NYSE:GENI) by 2,593.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,219,711 shares of the company’s stock after buying an additional 1,174,431 shares during the quarter. Penn Capital Management Company LLC’s holdings in Genius Sports were worth $15,116,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in Genius Sports in the third quarter valued at approximately $65,000. Strs Ohio grew its stake in Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after buying an additional 3,400 shares during the last quarter. Bessemer Group Inc. increased its position in Genius Sports by 1,163.1% in the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after buying an additional 6,455 shares during the period. CWM LLC lifted its stake in Genius Sports by 106.3% in the third quarter. CWM LLC now owns 8,209 shares of the company’s stock valued at $102,000 after buying an additional 4,229 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after purchasing an additional 4,477 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Price Performance

Genius Sports stock opened at $4.99 on Wednesday. Genius Sports Limited has a 12-month low of $4.96 and a 12-month high of $13.73. The stock has a market capitalization of $1.07 billion, a PE ratio of -11.61 and a beta of 1.91. The firm has a 50 day simple moving average of $7.44 and a 200-day simple moving average of $9.97.

Genius Sports (NYSE:GENI) last announced its earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $240.50 million for the quarter, compared to the consensus estimate of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.Genius Sports’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) EPS. On average, analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BTIG Research decreased their target price on shares of Genius Sports from $16.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. The Goldman Sachs Group boosted their price objective on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a report on Monday, December 29th. Zacks Research raised Genius Sports from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Northland Securities set a $12.00 price target on Genius Sports in a research report on Friday, February 6th. Three 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.84.

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.