Tudor Investment Corp ET AL Decreases Position in Genius Sports Limited $GENI

Key Points

• Tudor Investment Corp ET AL cut its stake in Genius Sports by 65.0%, selling 274,004 shares and retaining 147,807 shares (about 0.07% of the company) valued at approximately $1.83 million at quarter-end.
• Genius Sports reported a ($0.08) EPS loss for the quarter (missing estimates by $0.10) while revenue rose to $240.50 million, up 37% year-over-year, but the company still has negative margins and return on equity.
• The stock opened at $3.94 (1-year range $3.87–$13.73) with a market cap near $970 million, and analysts maintain a consensus rating of "Moderate Buy" with an average price target of $12.63.

Tudor Investment Corp ET AL decreased its position in Genius Sports Limited (NYSE:GENI - Free Report) by 65.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,807 shares of the company's stock after selling 274,004 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.07% of Genius Sports worth $1,830,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Genius Sports by 9.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company's stock valued at $175,000 after acquiring an additional 1,177 shares during the period. Prelude Capital Management LLC increased its position in shares of Genius Sports by 1.3% in the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company's stock valued at $1,146,000 after acquiring an additional 1,181 shares during the period. Cetera Investment Advisers increased its position in shares of Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company's stock valued at $159,000 after acquiring an additional 1,388 shares during the period. SkyView Investment Advisors LLC increased its position in shares of Genius Sports by 2.0% in the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company's stock valued at $802,000 after acquiring an additional 1,512 shares during the period. Finally, Advisory Research Inc. increased its position in shares of Genius Sports by 3.7% in the third quarter. Advisory Research Inc. now owns 82,675 shares of the company's stock valued at $1,024,000 after acquiring an additional 2,924 shares during the period. Hedge funds and other institutional investors own 81.91% of the company's stock.

Genius Sports Trading Up 0.4%

Shares of GENI opened at $3.94 on Monday. The firm's 50-day moving average price is $5.50 and its 200-day moving average price is $8.91. The firm has a market capitalization of $969.72 million, a price-to-earnings ratio of -9.16 and a beta of 2.08. Genius Sports Limited has a 1-year low of $3.87 and a 1-year high of $13.73.

Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.10). The company had revenue of $240.50 million for the quarter, compared to the consensus estimate of $234.94 million. Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The company's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) EPS. On average, research analysts forecast that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GENI. Needham & Company LLC decreased their price objective on shares of Genius Sports from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, March 5th. Northland Securities set a $12.00 price objective on shares of Genius Sports in a research report on Friday, February 6th. Stifel Nicolaus decreased their price objective on shares of Genius Sports from $7.00 to $5.00 and set a "hold" rating on the stock in a research report on Thursday. BTIG Research decreased their price objective on shares of Genius Sports from $16.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, March 5th. Finally, B. Riley Financial reaffirmed a "buy" rating on shares of Genius Sports in a research note on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.63.

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.

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