Genius Sports Limited $GENI Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. raised its holdings in Genius Sports Limited (NYSE:GENI) by 11.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,075,665 shares of the company’s stock after acquiring an additional 221,054 shares during the period. Genius Sports accounts for about 2.0% of Hodges Capital Management Inc.’s holdings, making the stock its 14th biggest position. Hodges Capital Management Inc.’s holdings in Genius Sports were worth $22,874,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GENI. Aster Capital Management DIFC Ltd acquired a new position in Genius Sports in the 3rd quarter valued at $65,000. Bessemer Group Inc. raised its holdings in Genius Sports by 1,163.1% in the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after acquiring an additional 6,455 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after acquiring an additional 4,477 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in Genius Sports in the 2nd quarter valued at $112,000. Finally, Victory Financial Group LLC acquired a new position in Genius Sports in the 4th quarter valued at $113,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on GENI. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a report on Friday, March 27th. Wall Street Zen downgraded Genius Sports from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. Roth Mkm set a $10.00 price objective on Genius Sports in a report on Friday, May 8th. Finally, Benchmark restated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.68.

Genius Sports Stock Up 0.7%

GENI stock opened at $6.81 on Thursday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -11.16 and a beta of 1.90. The business has a fifty day simple moving average of $4.90 and a 200-day simple moving average of $7.10. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.73.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (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 company had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. As a group, analysts expect that Genius Sports Limited will post -0.12 earnings per share for the current fiscal 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.