Rock Creek Group LP Decreases Stock Position in Genius Sports Limited $GENI

Rock Creek Group LP cut its stake in Genius Sports Limited (NYSE:GENI) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,000 shares of the company’s stock after selling 50,000 shares during the quarter. Genius Sports comprises approximately 0.2% of Rock Creek Group LP’s holdings, making the stock its 25th largest holding. Rock Creek Group LP’s holdings in Genius Sports were worth $2,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GENI. Rhumbline Advisers purchased a new stake in shares of Genius Sports in the second quarter valued at $3,152,000. Legal & General Group Plc grew its holdings in Genius Sports by 20.0% during the 2nd quarter. Legal & General Group Plc now owns 526,798 shares of the company’s stock valued at $5,476,000 after purchasing an additional 87,737 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Genius Sports during the 2nd quarter valued at about $1,118,000. Main Management ETF Advisors LLC raised its position in Genius Sports by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 145,846 shares of the company’s stock worth $1,517,000 after purchasing an additional 2,376 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in Genius Sports by 47.0% in the second quarter. Westfield Capital Management Co. LP now owns 3,202,135 shares of the company’s stock worth $33,302,000 after purchasing an additional 1,023,878 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GENI has been the topic of a number of analyst reports. Wall Street Zen cut Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Macquarie reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Genius Sports in a research report on Wednesday, November 5th. Roth Capital initiated coverage on Genius Sports in a research report on Friday, September 12th. They set a “buy” rating and a $16.00 target price for the company. Benchmark upped their price target on shares of Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, Zacks Research downgraded shares of Genius Sports from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.11.

Genius Sports Trading Up 4.4%

GENI opened at $9.08 on Friday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -19.32 and a beta of 1.84. Genius Sports Limited has a 12-month low of $8.15 and a 12-month high of $13.73. The business’s fifty day simple moving average is $11.47 and its 200-day simple moving average is $11.16.

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

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.