Genius Sports Limited $GENI Shares Bought by IFC Advisors LLC

IFC Advisors LLC raised its holdings in Genius Sports Limited (NYSE:GENI) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,871,110 shares of the company’s stock after acquiring an additional 135,955 shares during the period. Genius Sports makes up approximately 5.6% of IFC Advisors LLC’s investment portfolio, making the stock its 4th largest position. IFC Advisors LLC’s holdings in Genius Sports were worth $29,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wilson Asset Management International PTY Ltd. increased its holdings in shares of Genius Sports by 5.0% during the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 882,691 shares of the company’s stock worth $9,180,000 after buying an additional 42,297 shares during the last quarter. Jag Capital Management LLC acquired a new stake in shares of Genius Sports during the 2nd quarter worth approximately $110,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Genius Sports by 33.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,888,686 shares of the company’s stock worth $29,176,000 after buying an additional 726,843 shares during the last quarter. CWM LLC increased its holdings in shares of Genius Sports by 275.5% during the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after buying an additional 2,920 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its holdings in shares of Genius Sports by 5.8% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 213,007 shares of the company’s stock worth $2,215,000 after buying an additional 11,593 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Stock Performance

NYSE GENI opened at $11.59 on Tuesday. The firm has a market cap of $2.50 billion, a PE ratio of -37.40 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. The firm’s fifty day moving average is $12.56 and its two-hundred day moving average is $11.00.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The business had revenue of $118.72 million during 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%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. Research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on GENI. Northland Securities began coverage on shares of Genius Sports in a report on Friday, July 25th. They issued an “outperform” rating and a $14.00 target price for the company. Northland Capmk upgraded shares of Genius Sports to a “strong-buy” rating in a report on Friday, July 25th. Needham & Company LLC lifted their target price on shares of Genius Sports from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Guggenheim set a $16.00 price target on shares of Genius Sports and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Arete Research raised Genius Sports to a “strong-buy” rating in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.