140,000 Shares in Genius Sports Limited $GENI Purchased by Lonestar Capital Management LLC

Lonestar Capital Management LLC acquired a new stake in shares of Genius Sports Limited (NYSE:GENI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 140,000 shares of the company’s stock, valued at approximately $1,456,000. Genius Sports makes up about 0.5% of Lonestar Capital Management LLC’s portfolio, making the stock its 16th biggest position. Lonestar Capital Management LLC owned approximately 0.07% of Genius Sports at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GENI. Greenwood Capital Associates LLC lifted its stake in shares of Genius Sports by 1.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 52,692 shares of the company’s stock valued at $548,000 after purchasing an additional 937 shares during the period. Cetera Investment Advisers raised its holdings in Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares in the last quarter. Main Management ETF Advisors LLC lifted its position in Genius Sports by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 145,846 shares of the company’s stock valued at $1,517,000 after buying an additional 2,376 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Genius Sports by 8.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 33,120 shares of the company’s stock valued at $344,000 after buying an additional 2,532 shares in the last quarter. Finally, CWM LLC boosted 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 valued at $41,000 after buying an additional 2,920 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

NYSE GENI opened at $10.98 on Friday. Genius Sports Limited has a one year low of $8.15 and a one year high of $13.73. The stock has a 50-day moving average of $10.83 and a 200 day moving average of $11.19. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -23.35 and a beta of 1.94.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $156.24 million. On average, equities analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

GENI has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Genius Sports in a research note on Thursday, December 4th. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research note on Monday. Roth Capital initiated coverage on shares of Genius Sports in a report on Friday, September 12th. They set a “buy” rating and a $16.00 target price for the company. The Goldman Sachs Group upped their price target on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, UBS Group set a $16.00 price objective on Genius Sports in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Genius Sports currently has a consensus rating of “Moderate Buy” and an average price target of $15.05.

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.