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

Stephens Investment Management Group LLC increased its position in Genius Sports Limited (NYSE:GENIFree Report) by 35.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,598,359 shares of the company’s stock after purchasing an additional 1,974,043 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Genius Sports were worth $33,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GENI. Baer Investment Advisory LLC acquired a new position in Genius Sports during the 1st quarter valued at about $61,000. UMB Bank n.a. acquired a new stake in shares of Genius Sports during the 4th quarter worth approximately $63,000. Clarus Group Inc. acquired a new stake in shares of Genius Sports during the 1st quarter worth approximately $87,000. Osaic Holdings Inc. raised its stake in shares of Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after buying an additional 4,477 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in Genius Sports in the second quarter valued at approximately $112,000. 81.91% of the stock is owned by institutional investors.

Genius Sports Trading Down 0.2%

GENI stock opened at $6.42 on Friday. Genius Sports Limited has a 1-year low of $3.83 and a 1-year high of $13.73. The firm has a market cap of $1.58 billion, a PE ratio of -10.52 and a beta of 1.91. The business’s 50-day moving average price is $5.51 and its two-hundred day moving average price is $6.64.

Genius Sports (NYSE:GENIGet Free Report) last announced 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). The business had revenue of $187.95 million during the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The firm’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) earnings per share. On average, analysts forecast that Genius Sports Limited will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Genius Sports from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Truist Financial dropped their target price on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings raised Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th. Finally, Roth Mkm set a $10.00 target price on Genius Sports in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.68.

Get Our Latest Research Report on Genius Sports

Genius Sports Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Genius Sports (NYSE:GENI)

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