Genius Sports Limited $GENI Stock Holdings Increased by Voss Capital LP

Voss Capital LP grew its holdings in Genius Sports Limited (NYSE:GENI) by 35.4% during the 4th quarter, Holdings Channel reports. The fund owned 11,100,000 shares of the company’s stock after purchasing an additional 2,900,000 shares during the period. Genius Sports makes up about 5.9% of Voss Capital LP’s holdings, making the stock its 5th largest holding. Voss Capital LP owned 0.05% of Genius Sports worth $122,322,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Genius Sports by 79.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock valued at $16,009,000 after acquiring an additional 572,607 shares during the last quarter. Penn Capital Management Company LLC boosted its holdings in shares of Genius Sports by 2,593.7% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock valued at $15,116,000 after acquiring an additional 1,174,431 shares during the last quarter. Quent Capital LLC purchased a new stake in Genius Sports during the fourth quarter worth $2,840,000. UBS Group AG boosted its holdings in Genius Sports by 45.1% during the fourth quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock worth $43,804,000 after buying an additional 1,235,352 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Genius Sports by 82.7% during the third quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after buying an additional 2,647,948 shares in the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

NYSE:GENI opened at $6.85 on Friday. The company has a fifty day moving average of $5.00 and a two-hundred day moving average of $7.08. The stock has a market capitalization of $1.69 billion, a PE ratio of -11.23 and a beta of 1.90. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The company had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Research analysts forecast that Genius Sports Limited will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GENI. Weiss Ratings downgraded shares of Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Roth Mkm set a $10.00 price target on shares of Genius Sports in a report on Friday, May 8th. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. Oppenheimer lowered their price target on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Finally, Stifel Nicolaus lowered their price target on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and a consensus price target of $11.68.

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.