Westerly Capital Management LLC Invests $2.16 Million in Genius Sports Limited (NYSE:GENI)

Westerly Capital Management LLC bought a new stake in Genius Sports Limited (NYSE:GENI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 250,000 shares of the company's stock, valued at approximately $2,162,000. Westerly Capital Management LLC owned about 0.12% of Genius Sports at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Genius Sports during the fourth quarter worth $58,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after acquiring an additional 3,429 shares during the period. Perigon Wealth Management LLC acquired a new stake in shares of Genius Sports in the fourth quarter worth approximately $136,000. Envestnet Asset Management Inc. increased its position in Genius Sports by 27.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock worth $143,000 after purchasing an additional 3,548 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Genius Sports during the fourth quarter worth approximately $163,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

Shares of GENI stock traded up $0.24 during trading hours on Friday, hitting $11.03. 4,711,451 shares of the company were exchanged, compared to its average volume of 2,713,162. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -34.47 and a beta of 1.98. Genius Sports Limited has a one year low of $5.03 and a one year high of $11.16. The business's 50-day simple moving average is $9.84 and its two-hundred day simple moving average is $9.13.

Genius Sports (NYSE:GENI - Get Free Report) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). The firm had revenue of $175.53 million during the quarter, compared to analyst estimates of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter in the previous year, the business posted ($0.10) EPS. As a group, analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on GENI. BTIG Research raised their price objective on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. B. Riley assumed coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating on the stock. Citizens Jmp lowered shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Guggenheim assumed coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They issued a "buy" rating and a $12.00 target price on the stock. Finally, Benchmark reaffirmed a "buy" rating and set a $12.00 price target on shares of Genius Sports in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.19.

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.