Westerly Capital Management LLC Purchases Shares of 250,000 Genius Sports Limited (NYSE:GENI)

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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GENI shares. BTIG Research raised their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Guggenheim assumed coverage on Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating and a $12.00 price target on the stock. The Goldman Sachs Group raised their price objective on Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, JMP Securities restated a "market outperform" rating and set a $11.00 price target on shares of Genius Sports in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.19.

Genius Sports Stock Performance

Genius Sports stock traded up $0.23 during mid-day trading on Monday, reaching $11.28. The company's stock had a trading volume of 2,717,760 shares, compared to its average volume of 2,718,464. The company has a market capitalization of $2.43 billion, a P/E ratio of -35.27 and a beta of 1.96. The firm's fifty day moving average price is $9.84 and its two-hundred day moving average price is $9.15. Genius Sports Limited has a 12-month low of $5.03 and a 12-month high of $11.34.

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