Genius Sports Limited $GENI Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its position in Genius Sports Limited (NYSE:GENI) by 351.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 971,235 shares of the company’s stock after buying an additional 756,235 shares during the quarter. Hodges Capital Management Inc. owned about 0.45% of Genius Sports worth $10,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GENI. Wellington Management Group LLP raised its holdings in Genius Sports by 25.4% in the first quarter. Wellington Management Group LLP now owns 10,244,434 shares of the company’s stock valued at $102,547,000 after buying an additional 2,076,590 shares during the period. Voss Capital LP raised its stake in shares of Genius Sports by 17.0% in the 1st quarter. Voss Capital LP now owns 9,269,519 shares of the company’s stock valued at $92,788,000 after acquiring an additional 1,346,087 shares during the period. Global Alpha Capital Management Ltd. acquired a new position in shares of Genius Sports during the 2nd quarter valued at $43,552,000. Bank of New York Mellon Corp lifted its holdings in shares of Genius Sports by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,929,219 shares of the company’s stock valued at $30,464,000 after acquiring an additional 397,527 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Genius Sports by 33.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,888,686 shares of the company’s stock worth $29,176,000 after purchasing an additional 726,843 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analyst Ratings Changes

GENI has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on Genius Sports from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Northland Capmk raised shares of Genius Sports to a “strong-buy” rating in a research report on Friday, July 25th. Guggenheim set a $16.00 price target on shares of Genius Sports and gave the company a “buy” rating in a report on Thursday, August 7th. UBS Group lifted their price target on shares of Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Citigroup reiterated an “outperform” rating on shares of Genius Sports in a report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.22.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $10.22 on Monday. The company’s fifty day moving average is $12.14 and its two-hundred day moving average is $11.25. Genius Sports Limited has a 1-year low of $7.57 and a 1-year high of $13.73. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -21.75 and a beta of 1.84.

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 analysts’ consensus estimates 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. Genius Sports has set its FY 2025 guidance at EPS. Sell-side analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

About Genius Sports

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.