754,140 Shares in Genius Sports Limited $GENI Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC bought a new position in shares of Genius Sports Limited (NYSE:GENI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 754,140 shares of the company’s stock, valued at approximately $7,843,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Genius Sports by 62.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,161,843 shares of the company’s stock worth $21,683,000 after acquiring an additional 833,335 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Genius Sports by 67.0% in the 1st quarter. D.A. Davidson & CO. now owns 89,551 shares of the company’s stock valued at $896,000 after purchasing an additional 35,943 shares during the period. Envestnet Asset Management Inc. raised its stake in Genius Sports by 194.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 48,904 shares of the company’s stock valued at $490,000 after acquiring an additional 32,322 shares during the last quarter. IFC Advisors LLC raised its stake in Genius Sports by 6.8% during the 1st quarter. IFC Advisors LLC now owns 2,735,155 shares of the company’s stock valued at $27,379,000 after acquiring an additional 173,171 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in Genius Sports by 11.8% during the 2nd quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after acquiring an additional 69,600 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $11.82 on Thursday. The business’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $11.09. The stock has a market cap of $2.54 billion, a PE ratio of -38.11 and a beta of 1.85. Genius Sports Limited has a one year low of $6.72 and a one year high of $13.73.

Genius Sports (NYSE:GENI) last announced its earnings results on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The company had revenue of $118.72 million for the quarter, compared to analyst estimates of $118.28 million. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. Genius Sports’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS. As a group, equities research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on GENI shares. Wall Street Zen downgraded Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Arete Research raised Genius Sports to a “strong-buy” rating in a research note on Wednesday, July 9th. Truist Financial initiated coverage on Genius Sports in a research note on Tuesday, July 1st. They set a “buy” rating and a $14.00 price objective for the company. Roth Capital initiated coverage on Genius Sports in a research note on Friday, September 12th. They set a “buy” rating and a $16.00 target price for the company. Finally, Northland Capmk raised Genius Sports to a “strong-buy” rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.22.

Genius Sports Company 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.