Genius Sports Limited $GENI Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Genius Sports Limited (NYSE:GENI) by 60.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,914 shares of the company’s stock after acquiring an additional 11,641 shares during the period. SG Americas Securities LLC’s holdings in Genius Sports were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP bought a new stake in Genius Sports during the first quarter worth approximately $37,000. Pacer Advisors Inc. increased its position in shares of Genius Sports by 61.5% during the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock valued at $38,000 after purchasing an additional 1,430 shares during the period. CWM LLC raised its stake in shares of Genius Sports by 275.5% in the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after buying an additional 2,920 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Genius Sports in the second quarter valued at $75,000. Finally, Amalgamated Bank bought a new position in Genius Sports during the second quarter valued at about $79,000. 81.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GENI shares. The Goldman Sachs Group boosted their price target on shares of Genius Sports from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Genius Sports from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of Genius Sports in a report on Tuesday, November 4th. Benchmark upped their price target on Genius Sports from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Macquarie reiterated an “outperform” rating and set a $15.00 price objective on shares of Genius Sports in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.11.

Genius Sports Price Performance

GENI stock opened at $10.07 on Friday. Genius Sports Limited has a 52-week low of $8.15 and a 52-week high of $13.73. The company’s 50 day simple moving average is $11.20 and its 200-day simple moving average is $11.13. The firm has a market capitalization of $2.17 billion, a P/E ratio of -21.43 and a beta of 1.84.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%.The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $156.24 million. Genius Sports has set its FY 2025 guidance at EPS. Sell-side analysts predict that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Genius Sports 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.