Global Alpha Capital Management Ltd. Sells 822,238 Shares of Genius Sports Limited $GENI

Global Alpha Capital Management Ltd. trimmed its position in Genius Sports Limited (NYSE:GENI) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,911,462 shares of the company’s stock after selling 822,238 shares during the quarter. Genius Sports accounts for 2.6% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 11th largest holding. Global Alpha Capital Management Ltd.’s holdings in Genius Sports were worth $43,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Genius Sports during the third quarter worth $65,000. Bessemer Group Inc. grew its stake in shares of Genius Sports by 1,163.1% during the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after buying an additional 6,455 shares during the last quarter. Victory Financial Group LLC bought a new stake in shares of Genius Sports during the fourth quarter worth $113,000. Osaic Holdings Inc. grew its stake in shares of Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after buying an additional 4,477 shares during the last quarter. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of Genius Sports during the second quarter worth $112,000. Institutional investors own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

GENI has been the topic of a number of research reports. Needham & Company LLC decreased their target price on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. BTIG Research decreased their target price on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Citigroup decreased their target price on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Truist Financial decreased their target price on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Genius Sports currently has an average rating of “Moderate Buy” and an average target price of $11.68.

Genius Sports Trading Down 7.2%

Shares of NYSE GENI opened at $5.91 on Friday. The firm’s 50-day moving average price is $4.76 and its 200-day moving average price is $7.16. Genius Sports Limited has a 1-year low of $3.83 and a 1-year high of $13.73. The firm has a market capitalization of $1.45 billion, a P/E ratio of -9.68 and a beta of 1.90.

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