WINTON GROUP Ltd Takes $1.12 Million Position in Genius Sports Limited $GENI

Key Points

• WINTON GROUP Ltd acquired 184,754 shares of Genius Sports in the second quarter, valued at approximately $1.12 million and representing a 0.08% stake. Institutional investors collectively own 81.91% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $11.44, despite mixed individual ratings.
• Genius Sports reported quarterly revenue of $195.5 million, up 64.7% year over year and above estimates, but its adjusted loss of $0.28 per share significantly missed the expected $0.07 loss.

WINTON GROUP Ltd purchased a new position in Genius Sports Limited (NYSE:GENI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 184,754 shares of the company's stock, valued at approximately $1,120,000. WINTON GROUP Ltd owned 0.08% of Genius Sports as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Parallel Advisors LLC bought a new position in Genius Sports in the 1st quarter valued at $25,000. UMB Bank n.a. bought a new stake in shares of Genius Sports during the fourth quarter worth $63,000. Lexington Hill Partners LLC bought a new stake in shares of Genius Sports during the second quarter worth $64,000. Osaic Holdings Inc. boosted its stake in shares of Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company's stock valued at $111,000 after purchasing an additional 4,477 shares during the period. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of Genius Sports during the second quarter valued at $112,000. 81.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GENI has been the subject of a number of research analyst reports. Citigroup reiterated a "market outperform" rating on shares of Genius Sports in a report on Tuesday, September 8th. Benchmark restated a "buy" rating on shares of Genius Sports in a research note on Friday, August 28th. Wall Street Zen lowered shares of Genius Sports from a "sell" rating to a "strong sell" rating in a research report on Sunday. Oppenheimer raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $10.50 price target on shares of Genius Sports in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Genius Sports has a consensus rating of "Moderate Buy" and a consensus target price of $11.44.

Genius Sports Trading Up 0.2%

NYSE:GENI opened at $6.84 on Monday. The firm has a 50 day moving average of $7.23 and a 200 day moving average of $5.95. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -10.05 and a beta of 1.88. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.69.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The company had revenue of $195.50 million for the quarter, compared to analyst estimates of $184.43 million. Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The business's revenue was up 64.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.21) EPS. As a group, sell-side analysts anticipate that Genius Sports Limited will post -0.35 earnings per share for the current fiscal year.

Genius Sports Company Profile

Genius Sports Limited NYSE: GENI is a sports technology and data company that provides official sports data, technology, and digital services to sports leagues, federations, teams, broadcasters, sportsbooks, and brands. Its platforms help clients collect, manage, distribute, and commercialize live sports information across digital channels.

The company's offerings include live scores and statistics, data feeds for sports betting, fan-engagement tools, video streaming and content services, and advertising and sponsorship technology.

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