WINTON GROUP Ltd Buys New Shares in Genius Sports Limited $GENI

WINTON GROUP Ltd bought a new stake in Genius Sports Limited (NYSE:GENI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 184,421 shares of the company’s stock, valued at approximately $2,032,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Genius Sports by 79.5% in the third quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock valued at $16,009,000 after buying an additional 572,607 shares during the period. Penn Capital Management Company LLC lifted its stake in Genius Sports by 2,593.7% during the third quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock worth $15,116,000 after purchasing an additional 1,174,431 shares during the period. Quent Capital LLC bought a new position in Genius Sports during the fourth quarter worth about $2,840,000. UBS Group AG lifted its stake in Genius Sports by 45.1% during the fourth quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock worth $43,804,000 after purchasing an additional 1,235,352 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in Genius Sports by 82.7% during the third quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after purchasing an additional 2,647,948 shares during the period. Institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Down 0.4%

NYSE:GENI opened at $5.91 on Monday. Genius Sports Limited has a 1 year low of $3.83 and a 1 year high of $13.73. The firm has a 50 day moving average of $4.76 and a 200-day moving average of $7.15. The stock has a market capitalization of $1.45 billion, a P/E ratio of -9.68 and a beta of 1.89.

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

Analyst Ratings Changes

A number of research analysts have commented on GENI shares. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Citigroup cut their price target on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company cut their price target on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Oppenheimer cut their price target on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Finally, Roth Mkm set a $10.00 price target on shares of Genius Sports in a research note on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and an average target price of $11.68.

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.