TimesSquare Capital Management LLC Makes New $59.85 Million Investment in Genius Sports Limited $GENI

TimesSquare Capital Management LLC bought a new stake in shares of Genius Sports Limited (NYSE:GENI) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,431,145 shares of the company’s stock, valued at approximately $59,851,000.

Other large investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Genius Sports during the 3rd quarter valued at approximately $65,000. Strs Ohio increased its position in shares of Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after purchasing an additional 3,400 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after purchasing an additional 6,455 shares during the last quarter. Victory Financial Group LLC bought a new position in shares of Genius Sports during the 4th quarter valued at approximately $113,000. Finally, Osaic Holdings Inc. increased its position in shares of Genius Sports by 72.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after purchasing an additional 4,477 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GENI. UBS Group reissued a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Genius Sports in a research report on Monday, May 11th. They set a “buy” rating and a $10.00 target price on the stock. Needham & Company LLC cut their target price on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a research report on Friday, March 27th. Finally, Truist Financial cut their target price on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.68.

Genius Sports Stock Up 22.8%

Shares of Genius Sports stock opened at $5.21 on Tuesday. The stock’s fifty day moving average is $4.59 and its two-hundred day moving average is $7.64. The company has a market capitalization of $1.28 billion, a PE ratio of -8.53 and a beta of 1.80. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) 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 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 company earned ($0.03) EPS. As a group, research analysts anticipate that Genius Sports Limited will post -0.12 earnings per share for the current year.

Genius Sports Company Profile

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.