Genius Sports Limited $GENI is Hodges Capital Management Inc.’s 10th Largest Position

Hodges Capital Management Inc. lifted its stake in shares of Genius Sports Limited (NYSE:GENI) by 91.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,854,611 shares of the company’s stock after buying an additional 883,376 shares during the period. Genius Sports makes up approximately 2.0% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Hodges Capital Management Inc. owned 0.86% of Genius Sports worth $22,960,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GENI. JPMorgan Chase & Co. increased its stake in shares of Genius Sports by 79.5% in the third quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock worth $16,009,000 after acquiring an additional 572,607 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Genius Sports by 47.7% in the third quarter. PNC Financial Services Group Inc. now owns 48,909 shares of the company’s stock worth $605,000 after buying an additional 15,789 shares during the last quarter. Cookson Peirce & Co. Inc. raised its position in Genius Sports by 1.2% during the third quarter. Cookson Peirce & Co. Inc. now owns 339,416 shares of the company’s stock valued at $4,202,000 after acquiring an additional 3,878 shares in the last quarter. Rhumbline Advisers lifted its holdings in Genius Sports by 1.0% in the third quarter. Rhumbline Advisers now owns 306,106 shares of the company’s stock valued at $3,790,000 after acquiring an additional 3,018 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Genius Sports by 70.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,700 shares of the company’s stock worth $219,000 after purchasing an additional 7,300 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a report on Thursday, December 4th. New Street Research set a $17.00 price target on Genius Sports in a report on Thursday, December 4th. Citizens Jmp boosted their price objective on Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Thursday, December 4th. Stifel Nicolaus initiated coverage on shares of Genius Sports in a report on Wednesday, January 21st. They set a “hold” rating and a $10.00 price objective on the stock. Finally, Zacks Research raised shares of Genius Sports from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Genius Sports has a consensus rating of “Moderate Buy” and an average price target of $14.10.

Genius Sports Stock Up 0.2%

Shares of NYSE:GENI opened at $5.80 on Wednesday. Genius Sports Limited has a 52-week low of $5.74 and a 52-week high of $13.73. The business has a fifty day moving average of $9.48 and a two-hundred day moving average of $10.93. The stock has a market cap of $1.25 billion, a P/E ratio of -12.34 and a beta of 1.85.

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.