Nebula Research & Development LLC Makes New Investment in Genius Sports Limited (NYSE:GENI)

Nebula Research & Development LLC acquired a new position in shares of Genius Sports Limited (NYSE:GENI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,537 shares of the company's stock, valued at approximately $204,000.

Several other hedge funds also recently made changes to their positions in the company. Voya Investment Management LLC boosted its position in shares of Genius Sports by 14.6% in the 4th quarter. Voya Investment Management LLC now owns 2,316,026 shares of the company's stock valued at $20,034,000 after purchasing an additional 294,296 shares during the period. Hood River Capital Management LLC boosted its holdings in shares of Genius Sports by 6.2% in the fourth quarter. Hood River Capital Management LLC now owns 5,026,233 shares of the company's stock valued at $43,477,000 after acquiring an additional 295,485 shares during the period. Stifel Financial Corp grew its position in shares of Genius Sports by 63.2% during the fourth quarter. Stifel Financial Corp now owns 116,700 shares of the company's stock worth $1,009,000 after acquiring an additional 45,175 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in shares of Genius Sports in the 4th quarter valued at $485,000. Finally, Voss Capital LP raised its position in Genius Sports by 16.7% in the 4th quarter. Voss Capital LP now owns 7,923,432 shares of the company's stock valued at $68,538,000 after purchasing an additional 1,134,029 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research report on Tuesday, March 4th. Guggenheim started coverage on Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating and a $12.00 price objective for the company. Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. B. Riley started coverage on Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating for the company. Finally, BTIG Research lifted their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Genius Sports presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Stock Down 6.9 %

Shares of Genius Sports stock traded down $0.76 on Tuesday, hitting $10.25. The company's stock had a trading volume of 10,797,099 shares, compared to its average volume of 2,770,297. The company has a market capitalization of $2.21 billion, a P/E ratio of -32.14 and a beta of 1.96. The firm has a fifty day moving average price of $9.88 and a 200-day moving average price of $9.18. Genius Sports Limited has a 52-week low of $5.03 and a 52-week high of $11.40.

Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period last year, the company posted ($0.11) EPS. The company's quarterly revenue was up 20.3% compared to the same quarter last year. As a group, analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.

About Genius Sports

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.