Hodges Capital Management Inc. Increases Stock Position in Genius Sports Limited $GENI

Hodges Capital Management Inc. raised its holdings in Genius Sports Limited (NYSE:GENI) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,075,665 shares of the company’s stock after purchasing an additional 221,054 shares during the quarter. 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. owned approximately 0.96% of Genius Sports worth $22,874,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GENI. Aster Capital Management DIFC Ltd purchased a new stake in shares of Genius Sports during the 3rd quarter worth approximately $65,000. Bessemer Group Inc. boosted its stake in shares of Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after acquiring an additional 6,455 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Genius Sports by 72.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after acquiring an additional 4,477 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of Genius Sports during the 2nd quarter worth approximately $112,000. Finally, Victory Financial Group LLC purchased a new stake in shares of Genius Sports during the 4th quarter worth approximately $113,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Up 0.7%

NYSE:GENI opened at $6.81 on Thursday. Genius Sports Limited has a 12-month low of $3.83 and a 12-month high of $13.73. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -11.16 and a beta of 1.90. The company’s 50-day moving average is $4.90 and its two-hundred day moving average is $7.10.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The firm had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) earnings per share. On average, equities research analysts forecast that Genius Sports Limited will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GENI shares. Benchmark reissued a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Truist Financial decreased their price target on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a research note on Monday, May 11th. They set a “buy” rating and a $10.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.68.

About Genius Sports

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.