Odyssean LLC Buys 87,604 Shares of Genius Sports Limited $GENI

Odyssean LLC raised its stake in Genius Sports Limited (NYSE:GENI) by 61.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,581 shares of the company’s stock after purchasing an additional 87,604 shares during the period. Odyssean LLC owned 0.09% of Genius Sports worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GENI. Senvest Management LLC boosted its holdings in shares of Genius Sports by 45.1% in the 1st quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after buying an additional 4,243,157 shares in the last quarter. Wellington Management Group LLP lifted its position in Genius Sports by 17.9% during the third quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock valued at $167,298,000 after acquiring an additional 2,051,503 shares during the last quarter. Voss Capital LP boosted its stake in Genius Sports by 35.4% in the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after acquiring an additional 2,900,000 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Genius Sports by 35.1% in the first quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock worth $33,661,000 after purchasing an additional 1,974,043 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Genius Sports by 1.7% during the fourth quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock worth $65,582,000 after purchasing an additional 101,120 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GENI has been the subject of several analyst reports. B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. The Goldman Sachs Group restated a “buy” rating and set a $10.50 target price on shares of Genius Sports in a research note on Friday, August 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $8.00 target price on shares of Genius Sports in a research report on Friday, August 7th. Roth Capital reiterated a “buy” rating and issued a $12.00 price target on shares of Genius Sports in a research note on Friday, August 7th. Finally, Freedom Capital raised Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.44.

Genius Sports Stock Performance

GENI opened at $7.51 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports Limited has a 12-month low of $3.83 and a 12-month high of $13.73. The firm has a 50 day moving average of $7.16 and a two-hundred day moving average of $5.92. The firm has a market capitalization of $1.85 billion, a PE ratio of -11.04 and a beta of 1.88.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The business had revenue of $195.50 million during the quarter, compared to analysts’ expectations of $184.43 million. Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The firm’s revenue was up 64.7% on a year-over-year basis. During the same period last year, the company earned ($0.21) earnings per share. On average, analysts anticipate that Genius Sports Limited will post -0.35 EPS for the current year.

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.