Peregrine Capital Management LLC Purchases Shares of 820,108 Genius Sports Limited $GENI

Peregrine Capital Management LLC purchased a new stake in Genius Sports Limited (NYSE:GENI) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 820,108 shares of the company’s stock, valued at approximately $10,153,000. Peregrine Capital Management LLC owned approximately 0.38% of Genius Sports at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Hodges Capital Management Inc. increased its position in shares of Genius Sports by 351.7% in the 2nd quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock valued at $10,101,000 after purchasing an additional 756,235 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Genius Sports during the 2nd quarter worth about $5,200,000. Moody National Bank Trust Division increased its holdings in shares of Genius Sports by 11.8% in the 2nd quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after acquiring an additional 69,600 shares during the last quarter. Geode Capital Management LLC acquired a new position in Genius Sports in the second quarter valued at approximately $27,312,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Genius Sports by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,006,277 shares of the company’s stock worth $36,316,000 after purchasing an additional 117,591 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GENI. Citigroup restated a “market outperform” rating on shares of Genius Sports in a research note on Tuesday, December 16th. Roth Capital assumed coverage on shares of Genius Sports in a report on Friday, September 12th. They issued a “buy” rating and a $16.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a research report on Monday, December 29th. The Goldman Sachs Group boosted their price target on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of Genius Sports in a report on Thursday, December 4th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.05.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $10.54 on Friday. Genius Sports Limited has a 1 year low of $8.15 and a 1 year high of $13.73. The business has a 50 day moving average price of $10.45 and a 200 day moving average price of $11.33. The company has a market capitalization of $2.27 billion, a P/E ratio of -22.43 and a beta of 1.81.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The firm had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. As a group, research analysts expect that Genius Sports Limited will post -0.1 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.