Genius Sports Limited $GENI is Voss Capital LP’s 6th Largest Position

Voss Capital LP decreased its holdings in shares of Genius Sports Limited (NYSE:GENI) by 6.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 8,650,000 shares of the company’s stock after selling 619,519 shares during the quarter. Genius Sports makes up about 6.2% of Voss Capital LP’s holdings, making the stock its 6th biggest holding. Voss Capital LP’s holdings in Genius Sports were worth $89,960,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Greenwood Capital Associates LLC increased its position in shares of Genius Sports by 1.8% during the 2nd quarter. Greenwood Capital Associates LLC now owns 52,692 shares of the company’s stock worth $548,000 after purchasing an additional 937 shares during the last quarter. Cetera Investment Advisers boosted its stake in Genius Sports by 10.0% during the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after buying an additional 1,388 shares during the period. Main Management ETF Advisors LLC increased its position in shares of Genius Sports by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 145,846 shares of the company’s stock valued at $1,517,000 after acquiring an additional 2,376 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Genius Sports by 8.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 33,120 shares of the company’s stock valued at $344,000 after acquiring an additional 2,532 shares during the period. Finally, CWM LLC raised its stake in shares of Genius Sports by 275.5% in 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. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Trading Down 3.6%

Shares of NYSE GENI opened at $10.83 on Monday. The stock has a market cap of $2.33 billion, a P/E ratio of -23.04 and a beta of 1.94. The business’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $11.18. Genius Sports Limited has a 12-month low of $8.15 and a 12-month high of $13.73.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GENI shares. UBS Group lifted their target price on shares of Genius Sports from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research note on Thursday. New Street Research set a $17.00 price objective on Genius Sports in a report on Thursday. BTIG Research raised their target price on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday. Finally, Benchmark lifted their target price on Genius Sports from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Genius Sports presently has a consensus rating of “Moderate Buy” and an average price target of $14.90.

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.