Genius Sports Limited $GENI Shares Acquired by Wilson Asset Management International PTY Ltd.

Key Points

• Wilson Asset Management International PTY Ltd. increased its stake in Genius Sports by 5.0% during the second quarter, owning a total of 882,691 shares valued at approximately $9.18 million.
• Several institutional investors have also made significant changes, with CWM LLC raising its holdings by 275.5% and others like Pacer Advisors Inc. increasing theirs by 61.5% in the same period.
• Wall Street analysts have mixed predictions for the company, with price targets ranging from $13.00 to $16.00, while the consensus rating is a "Moderate Buy" with an average price target of $14.22.

Wilson Asset Management International PTY Ltd. lifted its stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 882,691 shares of the company's stock after buying an additional 42,297 shares during the period. Genius Sports makes up approximately 2.3% of Wilson Asset Management International PTY Ltd.'s investment portfolio, making the stock its 21st biggest holding. Wilson Asset Management International PTY Ltd. owned 0.41% of Genius Sports worth $9,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Genius Sports during the first quarter worth $37,000. Pacer Advisors Inc. raised its holdings in shares of Genius Sports by 61.5% during the first quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock worth $38,000 after purchasing an additional 1,430 shares during the last quarter. CWM LLC raised its holdings in shares of Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company's stock worth $41,000 after purchasing an additional 2,920 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Genius Sports by 46.7% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 9,777 shares of the company's stock worth $98,000 after purchasing an additional 3,112 shares during the last quarter. Finally, Jag Capital Management LLC purchased a new position in shares of Genius Sports during the second quarter worth $110,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Benchmark lifted their price objective on shares of Genius Sports from $15.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. UBS Group lifted their price objective on shares of Genius Sports from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. The Goldman Sachs Group lifted their price objective on shares of Genius Sports from $12.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Wall Street Zen cut shares of Genius Sports from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Genius Sports in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.22.

Genius Sports Stock Performance

Genius Sports stock opened at $11.59 on Tuesday. Genius Sports Limited has a 1 year low of $6.72 and a 1 year high of $13.73. The company's 50 day simple moving average is $12.56 and its 200-day simple moving average is $11.00. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -37.40 and a beta of 1.85.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The firm had revenue of $118.72 million during the quarter, compared to analysts' expectations of $118.28 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The company's revenue for the quarter was up 24.4% on a year-over-year basis. Equities analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.

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.

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