Global Alpha Capital Management Ltd. Has $43.10 Million Stock Position in Genius Sports Limited $GENI

Global Alpha Capital Management Ltd. reduced its position in Genius Sports Limited (NYSE:GENI) by 17.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,911,462 shares of the company’s stock after selling 822,238 shares during the period. Genius Sports comprises 2.6% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 11th largest position. Global Alpha Capital Management Ltd. owned about 1.82% of Genius Sports worth $43,104,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in Genius Sports in the 3rd quarter valued at about $65,000. Bessemer Group Inc. raised its holdings in Genius Sports by 1,163.1% in the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after acquiring an additional 6,455 shares during the period. Victory Financial Group LLC bought a new position in Genius Sports in the 4th quarter valued at about $113,000. Osaic Holdings Inc. raised its holdings in Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after acquiring an additional 4,477 shares during the period. Finally, Orion Porfolio Solutions LLC bought a new position in Genius Sports in the 2nd quarter valued at about $112,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GENI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports in a report on Monday, May 11th. They issued a “buy” rating and a $10.00 price target on the stock. Truist Financial lowered their price target on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Citigroup lowered their price target on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Benchmark reissued a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Finally, B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.68.

Genius Sports Price Performance

Shares of NYSE:GENI opened at $5.91 on Friday. The company’s 50 day simple moving average is $4.76 and its 200 day simple moving average is $7.16. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -9.68 and a beta of 1.90. Genius Sports Limited has a 1 year low of $3.83 and a 1 year high of $13.73.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The firm had revenue of $187.95 million during the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share. As a group, analysts anticipate that Genius Sports Limited will post -0.12 EPS for the current fiscal year.

About Genius Sports

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.