Healthcare of Ontario Pension Plan Trust Fund Invests $9.64 Million in Genius Sports Limited $GENI

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Genius Sports Limited (NYSE:GENI) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,175,200 shares of the company’s stock, valued at approximately $9,636,000.

A number of other hedge funds have also recently bought and sold shares of GENI. Quent Capital LLC acquired a new position in shares of Genius Sports in the 4th quarter worth approximately $2,840,000. UBS Group AG boosted its stake in Genius Sports by 45.1% in the 4th quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock valued at $43,804,000 after buying an additional 1,235,352 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Genius Sports by 65.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock valued at $17,321,000 after buying an additional 1,549,816 shares in the last quarter. IFC Advisors LLC grew its position in Genius Sports by 23.2% in the first quarter. IFC Advisors LLC now owns 3,583,833 shares of the company’s stock valued at $15,876,000 after acquiring an additional 676,034 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Genius Sports in the first quarter valued at $874,000. 81.91% of the stock is owned by institutional investors.

Genius Sports Stock Performance

Shares of GENI opened at $7.28 on Wednesday. The business’s fifty day moving average price is $6.22 and its two-hundred day moving average price is $6.10. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -11.94 and a beta of 1.91. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73.

Genius Sports (NYSE:GENI) last released its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The company’s revenue was up 30.5% compared to the same quarter last year. As a group, research analysts forecast that Genius Sports Limited will post -0.12 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on GENI shares. Freedom Capital raised Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. BTIG Research lowered their target price on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Roth Capital set a $10.00 target price on shares of Genius Sports in a research report on Friday, May 8th. The Goldman Sachs Group initiated coverage on shares of Genius Sports in a report on Monday. They set a “buy” rating and a $9.50 price target for the company. Finally, B. Riley Financial restated a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.19.

Genius Sports Company 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.