Hood River Capital Management LLC Boosts Stake in Genius Sports Limited (NYSE:GENI)

Hood River Capital Management LLC lifted its holdings in Genius Sports Limited (NYSE:GENI - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,026,233 shares of the company's stock after buying an additional 295,485 shares during the period. Hood River Capital Management LLC owned approximately 2.34% of Genius Sports worth $43,477,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stifel Financial Corp purchased a new position in shares of Genius Sports in the 3rd quarter worth about $561,000. State Street Corp boosted its stake in Genius Sports by 237.8% in the third quarter. State Street Corp now owns 135,859 shares of the company's stock valued at $1,065,000 after acquiring an additional 95,642 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Genius Sports during the 3rd quarter valued at approximately $221,000. Tidal Investments LLC purchased a new position in Genius Sports in the third quarter valued at approximately $371,000. Finally, JPMorgan Chase & Co. grew its holdings in Genius Sports by 2,765,692.0% during the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock valued at $5,421,000 after purchasing an additional 691,423 shares during the period. 81.91% of the stock is owned by institutional investors.

Genius Sports Trading Down 0.5 %

Shares of GENI stock traded down $0.06 during trading hours on Monday, hitting $10.77. 1,080,906 shares of the company's stock were exchanged, compared to its average volume of 2,677,399. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $11.16. The company has a market capitalization of $2.32 billion, a PE ratio of -33.61 and a beta of 1.98. The business's 50 day simple moving average is $9.66 and its 200-day simple moving average is $9.04.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The company had revenue of $175.53 million for the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same period last year, the business posted ($0.10) earnings per share. Equities analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. B. Riley initiated coverage on Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating for the company. Benchmark reiterated a "buy" rating and issued a $12.00 target price on shares of Genius Sports in a research note on Thursday, April 17th. Lake Street Capital upped their price target on shares of Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Needham & Company LLC set a $13.00 target price on shares of Genius Sports in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group increased their target price on Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Genius Sports has an average rating of "Moderate Buy" and an average target price 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.