Voss Capital LP grew its position in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,269,519 shares of the company's stock after buying an additional 1,346,087 shares during the quarter. Genius Sports accounts for approximately 7.1% of Voss Capital LP's investment portfolio, making the stock its 3rd biggest holding. Voss Capital LP owned 4.31% of Genius Sports worth $92,788,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Genius Sports by 4.6% in the 1st quarter. Victory Capital Management Inc. now owns 24,854 shares of the company's stock worth $249,000 after purchasing an additional 1,085 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Genius Sports by 61.5% in the 1st 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 period. OneDigital Investment Advisors LLC raised its holdings in shares of Genius Sports by 2.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 57,732 shares of the company's stock worth $578,000 after purchasing an additional 1,652 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Genius Sports by 9.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,849 shares of the company's stock worth $259,000 after purchasing an additional 2,314 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of Genius Sports by 19.4% in the 4th quarter. ProShare Advisors LLC now owns 17,132 shares of the company's stock worth $148,000 after purchasing an additional 2,787 shares during the period. Institutional investors own 81.91% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. B. Riley lifted their price target on shares of Genius Sports from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Northland Capmk raised shares of Genius Sports to a "strong-buy" rating in a report on Friday, July 25th. Northland Securities started coverage on shares of Genius Sports in a research note on Friday, July 25th. They issued an "outperform" rating and a $14.00 price objective for the company. 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 research note on Thursday, August 7th. Finally, Arete started coverage on shares of Genius Sports in a research note on Wednesday, July 9th. They issued a "buy" rating and a $15.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Genius Sports presently has a consensus rating of "Moderate Buy" and an average price target of $14.00.
Get Our Latest Stock Analysis on GENI
Genius Sports Price Performance
GENI opened at $12.95 on Tuesday. The company has a fifty day moving average price of $10.82 and a 200-day moving average price of $10.14. The firm has a market capitalization of $2.79 billion, a P/E ratio of -41.77 and a beta of 1.86. Genius Sports Limited has a one year low of $6.72 and a one year high of $13.10.
Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). The firm had revenue of $118.72 million for the quarter, compared to analysts' expectations of $118.28 million. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.
Genius Sports declared that its board has approved a share repurchase plan on Tuesday, May 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 4.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.
About Genius Sports
(
Free Report)
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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