Sei Investments Co. Increases Stock Position in Genius Sports Limited $GENI

Sei Investments Co. boosted its stake in Genius Sports Limited (NYSE:GENI) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,148,179 shares of the company’s stock after purchasing an additional 104,990 shares during the period. Sei Investments Co. owned approximately 0.47% of Genius Sports worth $5,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Prelude Capital Management LLC increased its position in Genius Sports by 1.3% in the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock worth $1,146,000 after buying an additional 1,181 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after buying an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after acquiring an additional 1,512 shares during the period. Main Management ETF Advisors LLC grew its stake in shares of Genius Sports by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,672 shares during the period. Finally, First Dallas Securities Inc. increased its holdings in Genius Sports by 3.0% in the 4th quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock worth $755,000 after acquiring an additional 2,000 shares in the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on GENI. BTIG Research decreased their target price on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Oppenheimer upped their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday. Wall Street Zen raised shares of Genius Sports from a “strong sell” rating to a “sell” rating in a research note on Monday. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Finally, Freedom Capital raised shares of Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.14.

Genius Sports Stock Performance

Shares of GENI opened at $8.09 on Wednesday. The company’s fifty day moving average is $6.43 and its 200 day moving average is $5.99. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The stock has a market capitalization of $1.99 billion, a PE ratio of -13.26 and a beta of 1.90.

Genius Sports (NYSE:GENI) last released 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). Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The business had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. During the same quarter last year, the business earned ($0.03) EPS. Genius Sports’s revenue for the quarter was up 30.5% compared to the same quarter last year. As a group, research analysts forecast that Genius Sports Limited will post -0.12 earnings per share for the current year.

Genius Sports 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.