Stephens Investment Management Group LLC Acquires 1,974,043 Shares of Genius Sports Limited $GENI

Stephens Investment Management Group LLC grew its holdings in Genius Sports Limited (NYSE:GENI) by 35.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,598,359 shares of the company’s stock after buying an additional 1,974,043 shares during the quarter. Stephens Investment Management Group LLC owned 3.08% of Genius Sports worth $33,661,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GENI. Prelude Capital Management LLC boosted its position in shares of Genius Sports by 1.3% during the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,181 shares in the last quarter. Cetera Investment Advisers raised its position in Genius Sports by 10.0% in 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 in the last quarter. SkyView Investment Advisors LLC raised its position in Genius Sports by 2.0% in the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after purchasing an additional 1,512 shares in the last quarter. Main Management ETF Advisors LLC lifted its stake in Genius Sports by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,672 shares during the period. Finally, First Dallas Securities Inc. lifted its stake in Genius Sports by 3.0% during the fourth quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock worth $755,000 after purchasing an additional 2,000 shares during the period. 81.91% of the stock is owned by institutional investors.

Genius Sports Stock Performance

Shares of GENI opened at $6.42 on Friday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -10.52 and a beta of 1.91. The stock has a fifty day moving average price of $5.51 and a two-hundred day moving average price of $6.64. Genius Sports Limited has a 52-week low of $3.83 and a 52-week high of $13.73.

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

Analyst Upgrades and Downgrades

GENI has been the topic of several analyst reports. Wall Street Zen lowered Genius Sports from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a research report on Monday, May 11th. They set a “buy” rating and a $10.00 target price for the company. Roth Mkm set a $10.00 price target on Genius Sports in a research note on Friday, May 8th. BTIG Research lowered their price target on Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, Stifel Nicolaus dropped their price objective on Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.68.

Genius Sports Profile

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.