SG Capital Management LLC Trims Stock Holdings in Genius Sports Limited $GENI

SG Capital Management LLC lowered its holdings in shares of Genius Sports Limited (NYSE:GENI) by 48.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 294,817 shares of the company’s stock after selling 280,562 shares during the quarter. SG Capital Management LLC’s holdings in Genius Sports were worth $3,066,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Genius Sports by 25.4% in the first quarter. Wellington Management Group LLP now owns 10,244,434 shares of the company’s stock worth $102,547,000 after purchasing an additional 2,076,590 shares during the period. Voss Capital LP increased its stake in Genius Sports by 17.0% in the 1st quarter. Voss Capital LP now owns 9,269,519 shares of the company’s stock worth $92,788,000 after buying an additional 1,346,087 shares during the period. Global Alpha Capital Management Ltd. purchased a new position in Genius Sports in the 2nd quarter worth about $43,552,000. Bank of New York Mellon Corp lifted its holdings in Genius Sports by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,929,219 shares of the company’s stock valued at $30,464,000 after buying an additional 397,527 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Genius Sports by 33.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,888,686 shares of the company’s stock valued at $29,176,000 after buying an additional 726,843 shares during the period. Institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GENI shares. Guggenheim set a $16.00 target price on shares of Genius Sports and gave the stock a “buy” rating in a research report on Thursday, August 7th. Roth Capital started coverage on Genius Sports in a research note on Friday, September 12th. They issued a “buy” rating and a $16.00 price objective on the stock. The Goldman Sachs Group lifted their target price on Genius Sports from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Northland Securities began coverage on Genius Sports in a report on Friday, July 25th. They issued an “outperform” rating and a $14.00 target price for the company. Finally, Citigroup restated an “outperform” rating on shares of Genius Sports in a research note on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.35.

Genius Sports Stock Down 2.6%

Genius Sports stock opened at $9.62 on Friday. The firm has a market cap of $2.07 billion, a P/E ratio of -20.46 and a beta of 1.84. The business has a fifty day moving average of $11.84 and a two-hundred day moving average of $11.22. Genius Sports Limited has a twelve month low of $8.15 and a twelve month high of $13.73.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 company had revenue of $166.28 million during the quarter, compared to the consensus estimate of $156.24 million. Genius Sports has set its FY 2025 guidance at EPS. Equities analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current 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.