250,000 Shares in Genius Sports Limited (NYSE:GENI) Acquired by Westerly Capital Management LLC

Westerly Capital Management LLC acquired a new stake in shares of Genius Sports Limited (NYSE:GENI) in the 4th quarter, HoldingsChannel reports. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,162,000.

Other hedge funds also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Genius Sports during the fourth quarter worth approximately $58,000. Steward Partners Investment Advisory LLC raised its position in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after buying an additional 3,429 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Genius Sports in the 4th quarter worth $136,000. Envestnet Asset Management Inc. boosted its holdings in shares of Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock valued at $143,000 after acquiring an additional 3,548 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Genius Sports during the fourth quarter worth about $163,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Up 1.2 %

Shares of GENI stock opened at $10.92 on Wednesday. The business has a 50 day moving average of $9.71 and a two-hundred day moving average of $9.08. The company has a market cap of $2.35 billion, a P/E ratio of -34.13 and a beta of 1.98. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $11.16.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GENI shares. The Goldman Sachs Group boosted their price target on Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Craig Hallum set a $15.00 target price on shares of Genius Sports in a report on Tuesday, March 4th. JMP Securities reissued a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. Guggenheim started coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a report on Monday, April 21st. They issued a “buy” rating and a $12.00 price target for the company. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.19.

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.