Lisanti Capital Growth LLC Lowers Position in Genius Sports Limited $GENI

Lisanti Capital Growth LLC decreased its stake in Genius Sports Limited (NYSE:GENI) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,753 shares of the company’s stock after selling 122,577 shares during the quarter. Lisanti Capital Growth LLC owned approximately 0.17% of Genius Sports worth $4,466,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its stake in shares of Genius Sports by 275.5% during the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after acquiring an additional 2,920 shares during the period. Strs Ohio lifted its holdings in Genius Sports by 178.9% during the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after purchasing an additional 3,400 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Genius Sports in the second quarter worth approximately $75,000. Amalgamated Bank purchased a new stake in shares of Genius Sports in the second quarter worth $79,000. Finally, Jag Capital Management LLC purchased a new stake in shares of Genius Sports in the second quarter worth $110,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of GENI opened at $8.68 on Friday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -18.47 and a beta of 1.81. Genius Sports Limited has a 1 year low of $8.15 and a 1 year high of $13.73. The business’s 50 day simple moving average is $10.36 and its 200-day simple moving average is $11.28.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.18). The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. On average, sell-side analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Macquarie reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Genius Sports in a report on Wednesday, November 5th. Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research report on Tuesday, December 30th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price on shares of Genius Sports in a research report on Thursday, December 4th. BTIG Research lifted their target price on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Stifel Nicolaus assumed coverage on Genius Sports in a report on Wednesday, January 21st. They issued a “hold” rating and a $10.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and a consensus price target of $14.95.

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.