Genius Sports Limited $GENI Stock Position Raised by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its stake in shares of Genius Sports Limited (NYSE:GENI) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,951,203 shares of the company’s stock after acquiring an additional 101,120 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Genius Sports were worth $65,582,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GENI. Royal Bank of Canada boosted its stake in shares of Genius Sports by 17.6% during the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after acquiring an additional 6,623 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after acquiring an additional 1,388 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Genius Sports in the second quarter worth $266,000. Invesco Ltd. boosted its position in shares of Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after buying an additional 3,202,290 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Genius Sports in the second quarter worth $14,220,000. 81.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on GENI shares. BTIG Research decreased their target price 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. Citigroup decreased their target price on Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Stifel Nicolaus decreased their target price on Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research report on Thursday, March 5th. Finally, Truist Financial decreased their target price on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.68.

Genius Sports Price Performance

NYSE GENI opened at $5.91 on Friday. 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 $4.76 and its two-hundred day moving average is $7.16. The firm has a market cap of $1.45 billion, a P/E ratio of -9.68 and a beta of 1.90.

Genius Sports (NYSE:GENI) last posted its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share 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 company had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. During the same quarter last year, the business earned ($0.03) earnings per share. Genius Sports’s quarterly revenue was up 30.5% on a year-over-year basis. On average, equities analysts expect that Genius Sports Limited will post -0.12 EPS for the current year.

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.