Sycale Advisors NY LLC Has $20.67 Million Stake in Genius Sports Limited $GENI

Sycale Advisors NY LLC boosted its holdings in shares of Genius Sports Limited (NYSE:GENI) by 43.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,876,046 shares of the company’s stock after purchasing an additional 566,930 shares during the period. Genius Sports comprises approximately 6.4% of Sycale Advisors NY LLC’s investment portfolio, making the stock its 7th biggest position. Sycale Advisors NY LLC owned 0.87% of Genius Sports worth $20,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GENI. Royal Bank of Canada lifted its stake in Genius Sports by 17.6% during the first quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after purchasing an additional 6,623 shares during the last quarter. Cetera Investment Advisers lifted its stake in Genius Sports by 10.0% during the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares during the last quarter. Prudential Financial Inc. bought a new stake in Genius Sports during the second quarter worth $266,000. Invesco Ltd. increased its holdings in shares of Genius Sports by 3,584.2% during the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after buying an additional 3,202,290 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Genius Sports during the second quarter worth $14,220,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Trading Up 0.0%

Shares of GENI opened at $6.85 on Monday. The stock has a market capitalization of $1.69 billion, a P/E ratio of -11.23 and a beta of 1.89. The firm’s fifty day simple moving average is $5.00 and its two-hundred day simple moving average is $7.07. Genius Sports Limited has a 12 month low of $3.83 and a 12 month high of $13.73.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The firm had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. During the same period last year, the company posted ($0.03) EPS. The business’s revenue was up 30.5% compared to the same quarter last year. As a group, research analysts predict that Genius Sports Limited will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GENI shares. Citigroup lowered their price target on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, May 8th. Needham & Company LLC lowered their price target on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Genius Sports in a report on Monday, May 11th. They set a “buy” rating and a $10.00 price target for the company. Truist Financial lowered their price target on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Stifel Nicolaus lowered their price target on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.68.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.