Senvest Management LLC Buys 107,083 Shares of Genius Sports Limited $GENI

Senvest Management LLC increased its position in shares of Genius Sports Limited (NYSE:GENI) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,813,156 shares of the company’s stock after buying an additional 107,083 shares during the quarter. Genius Sports comprises about 2.7% of Senvest Management LLC’s portfolio, making the stock its 15th biggest position. Senvest Management LLC’s holdings in Genius Sports were worth $81,257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Genius Sports in the first quarter valued at approximately $37,000. Pacer Advisors Inc. boosted its stake in Genius Sports by 61.5% in the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock worth $38,000 after purchasing an additional 1,430 shares during the period. CWM LLC boosted its stake in Genius Sports by 275.5% in the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after purchasing an additional 2,920 shares during the period. FNY Investment Advisers LLC purchased a new position in Genius Sports during the 2nd quarter valued at about $75,000. Finally, Amalgamated Bank bought a new stake in shares of Genius Sports during the second quarter valued at about $79,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GENI. JMP Securities raised their target price on shares of Genius Sports from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group increased their target price on Genius Sports from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Benchmark boosted their target price on shares of Genius Sports from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. B. Riley boosted their target price on shares of Genius Sports from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Genius Sports in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.35.

Genius Sports Trading Down 2.1%

Shares of NYSE:GENI opened at $9.45 on Tuesday. Genius Sports Limited has a 12-month low of $8.15 and a 12-month high of $13.73. The company has a market capitalization of $2.03 billion, a PE ratio of -20.10 and a beta of 1.84. The business has a 50 day moving average of $11.77 and a two-hundred day moving average of $11.21.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.18). The business had revenue of $166.28 million for the quarter, compared to analyst estimates of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. Genius Sports has set its FY 2025 guidance at EPS. Equities research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Genius Sports 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.