Boothbay Fund Management LLC Has $948,000 Stock Position in Genius Sports Limited (NYSE:GENI)

Boothbay Fund Management LLC increased its holdings in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 914.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 109,649 shares of the company's stock after acquiring an additional 98,844 shares during the period. Boothbay Fund Management LLC owned about 0.05% of Genius Sports worth $948,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in shares of Genius Sports during the fourth quarter valued at approximately $15,553,000. Capital Research Global Investors grew its stake in Genius Sports by 14.2% during the 4th quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock worth $112,038,000 after buying an additional 1,610,078 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Genius Sports during the fourth quarter valued at about $12,332,000. Allspring Global Investments Holdings LLC acquired a new stake in Genius Sports in the 4th quarter worth approximately $11,292,000. Finally, Voss Capital LP lifted its stake in shares of Genius Sports by 16.7% during the fourth quarter. Voss Capital LP now owns 7,923,432 shares of the company's stock worth $68,538,000 after buying an additional 1,134,029 shares during the period. Institutional investors own 81.91% of the company's stock.

Genius Sports Stock Performance

Shares of NYSE GENI traded up $0.18 during midday trading on Monday, hitting $11.23. The company's stock had a trading volume of 1,992,339 shares, compared to its average volume of 3,227,429. The firm has a market cap of $2.42 billion, a P/E ratio of -35.08 and a beta of 1.96. Genius Sports Limited has a 1-year low of $5.03 and a 1-year high of $11.29. The firm's fifty day moving average price is $9.84 and its 200-day moving average price is $9.15.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The company had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same quarter last year, the business earned ($0.10) earnings per share. As a group, research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GENI shares. Lake Street Capital increased their price target on shares of Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Benchmark reissued a "buy" rating and issued a $12.00 price objective on shares of Genius Sports in a report on Thursday, April 17th. BTIG Research raised their target price on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. B. Riley started coverage on Genius Sports in a report on Tuesday, March 18th. They issued a "buy" rating for the company. Finally, Craig Hallum set a $15.00 target price on shares of Genius Sports in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.19.

About Genius Sports

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.