Genius Sports Limited $GENI Shares Purchased by Odyssean LLC

Odyssean LLC boosted its stake in shares of Genius Sports Limited (NYSE:GENI) by 61.3% in the 2nd quarter, Holdings Channel reports. The fund owned 230,581 shares of the company’s stock after buying an additional 87,604 shares during the period. Odyssean LLC’s holdings in Genius Sports were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of GENI. TimesSquare Capital Management LLC acquired a new stake in shares of Genius Sports during the 4th quarter worth approximately $59,851,000. Senvest Management LLC lifted its stake in shares of Genius Sports by 45.1% in the 1st quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after purchasing an additional 4,243,157 shares during the period. Invesco Ltd. lifted its stake in shares of Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after purchasing an additional 3,202,290 shares during the period. Balyasny Asset Management L.P. boosted its holdings in Genius Sports by 785.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,289,270 shares of the company’s stock worth $36,248,000 after buying an additional 2,917,830 shares in the last quarter. Finally, Voss Capital LP boosted its holdings in Genius Sports by 35.4% during the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after buying an additional 2,900,000 shares in the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Price Performance

Genius Sports stock opened at $7.51 on Friday. The company has a fifty day simple moving average of $7.16 and a 200-day simple moving average of $5.92. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -11.04 and a beta of 1.88. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports Limited has a 52-week low of $3.83 and a 52-week high of $13.73.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The business had revenue of $195.50 million during the quarter, compared to analysts’ expectations of $184.43 million. Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The business’s quarterly revenue was up 64.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) earnings per share. On average, equities analysts anticipate that Genius Sports Limited will post -0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Genius Sports in a research note on Monday, May 11th. They issued a “buy” rating and a $10.00 price target for the company. Freedom Capital upgraded Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. Benchmark reissued a “buy” rating on shares of Genius Sports in a report on Friday, August 28th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $8.00 price objective on shares of Genius Sports in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Genius Sports currently has an average rating of “Moderate Buy” and an average price target of $11.44.

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.