Squarepoint Ops LLC Reduces Stock Position in Genius Sports Limited $GENI

Squarepoint Ops LLC lessened its stake in Genius Sports Limited (NYSE:GENI) by 46.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 866,212 shares of the company’s stock after selling 753,868 shares during the period. Squarepoint Ops LLC’s holdings in Genius Sports were worth $5,249,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Prelude Capital Management LLC lifted its holdings in shares of Genius Sports by 1.3% during the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after buying an additional 1,181 shares during the period. Cetera Investment Advisers grew its holdings in shares of Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after acquiring an additional 1,388 shares during the period. SkyView Investment Advisors LLC increased its position in Genius Sports by 2.0% during the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after acquiring an additional 1,512 shares during the last quarter. Main Management ETF Advisors LLC increased its position in Genius Sports by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,672 shares during the last quarter. Finally, First Dallas Securities Inc. boosted its position in Genius Sports by 3.0% in the fourth quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock worth $755,000 after purchasing an additional 2,000 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Price Performance

NYSE GENI opened at $6.84 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 $13.69. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -10.05 and a beta of 1.88. The company’s 50 day moving average is $7.23 and its two-hundred day moving average is $5.95.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on GENI. Freedom Capital raised shares of Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Wells Fargo & Company reiterated an “equal weight” rating and set a $8.00 price target on shares of Genius Sports in a research note on Friday, August 7th. Weiss Ratings raised shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Benchmark restated a “buy” rating on shares of Genius Sports in a research note on Friday, August 28th. Finally, Guggenheim raised their target price on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.44.

Genius Sports Profile

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.