Leavell Investment Management Inc. Raises Holdings in Genius Sports Limited $GENI

Leavell Investment Management Inc. grew its position in shares of Genius Sports Limited (NYSE:GENI) by 41.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,548 shares of the company’s stock after purchasing an additional 8,923 shares during the quarter. Leavell Investment Management Inc.’s holdings in Genius Sports were worth $318,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Stephens Investment Management Group LLC purchased a new position in shares of Genius Sports during the second quarter worth about $7,843,000. Cookson Peirce & Co. Inc. grew its holdings in shares of Genius Sports by 4.5% during the second quarter. Cookson Peirce & Co. Inc. now owns 335,538 shares of the company’s stock worth $3,490,000 after buying an additional 14,438 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Genius Sports during the second quarter worth about $75,000. IFC Advisors LLC grew its holdings in shares of Genius Sports by 5.0% during the second quarter. IFC Advisors LLC now owns 2,871,110 shares of the company’s stock worth $29,860,000 after buying an additional 135,955 shares during the last quarter. Finally, Wilson Asset Management International PTY Ltd. grew its holdings in shares of Genius Sports by 5.0% during the second quarter. Wilson Asset Management International PTY Ltd. now owns 882,691 shares of the company’s stock worth $9,180,000 after buying an additional 42,297 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $12.03 on Tuesday. Genius Sports Limited has a 1 year low of $6.72 and a 1 year high of $13.73. The company has a market capitalization of $2.59 billion, a P/E ratio of -38.79 and a beta of 1.85. The business has a 50 day moving average price of $12.44 and a 200 day moving average price of $11.18.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The company had revenue of $118.72 million for the quarter, compared to analysts’ expectations of $118.28 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. As a group, research analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Roth Capital assumed coverage on Genius Sports in a report on Friday, September 12th. They set a “buy” rating and a $16.00 price target on the stock. Macquarie raised their price target on Genius Sports from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Benchmark raised their price target on Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. The Goldman Sachs Group raised their price target on Genius Sports from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Needham & Company LLC raised their price objective on shares of Genius Sports from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.22.

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.