Lonestar Capital Management LLC Buys Shares of 140,000 Genius Sports Limited $GENI

Lonestar Capital Management LLC purchased a new position in shares of Genius Sports Limited (NYSE:GENI) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 140,000 shares of the company’s stock, valued at approximately $1,456,000. Genius Sports comprises about 0.5% of Lonestar Capital Management LLC’s portfolio, making the stock its 16th biggest position.

A number of other hedge funds have also recently modified their holdings of GENI. Quarry LP purchased a new stake in shares of Genius Sports in the 1st quarter worth $37,000. CWM LLC grew its holdings in Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after purchasing an additional 2,920 shares during the period. FNY Investment Advisers LLC purchased a new stake in Genius Sports in the second quarter worth about $75,000. Amalgamated Bank bought a new position in shares of Genius Sports in the second quarter worth about $79,000. Finally, Jag Capital Management LLC purchased a new position in shares of Genius Sports during the 2nd quarter valued at about $110,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 0.8%

Shares of GENI stock opened at $10.98 on Friday. The company’s fifty day simple moving average is $10.83 and its two-hundred day simple moving average is $11.19. Genius Sports Limited has a 52 week low of $8.15 and a 52 week high of $13.73. The stock has a market cap of $2.36 billion, a P/E ratio of -23.35 and a beta of 1.94.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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 note on Thursday, December 4th. Benchmark reiterated a “buy” rating on shares of Genius Sports in a research report on Monday. UBS Group set a $16.00 price objective on shares of Genius Sports in a research note on Monday. Citigroup restated an “outperform” rating on shares of Genius Sports in a research report on Thursday, December 4th. Finally, JMP Securities upped their target price on shares of Genius Sports from $13.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.05.

Genius Sports Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.