Lisanti Capital Growth LLC Purchases Shares of 535,435 Genius Sports Limited (NYSE:GENI)

Lisanti Capital Growth LLC purchased a new stake in Genius Sports Limited (NYSE:GENI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 535,435 shares of the company's stock, valued at approximately $5,360,000. Genius Sports comprises 1.6% of Lisanti Capital Growth LLC's holdings, making the stock its 16th biggest holding. Lisanti Capital Growth LLC owned about 0.25% of Genius Sports at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GENI. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Genius Sports in the fourth quarter valued at about $58,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after purchasing an additional 3,429 shares during the period. Park National Corp OH acquired a new position in shares of Genius Sports in the first quarter valued at about $107,000. Bayesian Capital Management LP acquired a new position in shares of Genius Sports in the fourth quarter valued at about $129,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock valued at $143,000 after purchasing an additional 3,548 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Trading Up 0.0%

Shares of GENI opened at $10.37 on Friday. Genius Sports Limited has a 12 month low of $5.29 and a 12 month high of $11.40. The stock's 50 day moving average is $10.07 and its two-hundred day moving average is $9.55. The firm has a market cap of $2.23 billion, a P/E ratio of -54.55 and a beta of 1.87.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Genius Sports had a negative return on equity of 6.90% and a negative net margin of 8.54%. The company had revenue of $143.99 million for the quarter, compared to analyst estimates of $143.31 million. During the same period last year, the company earned ($0.11) earnings per share. Genius Sports's quarterly revenue was up 20.3% compared to the same quarter last year. Equities research analysts forecast that Genius Sports Limited will post -0.1 EPS for the current year.

Genius Sports announced that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

GENI has been the subject of several recent research reports. Craig Hallum set a $15.00 price target on Genius Sports in a research report on Tuesday, March 4th. B. Riley reiterated a "buy" rating on shares of Genius Sports in a research report on Wednesday, May 7th. Guggenheim initiated coverage on Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating and a $12.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Genius Sports in a research report on Monday, April 21st. They set a "buy" rating and a $12.00 price target for the company. Finally, Lake Street Capital lifted their price target on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.19.

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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