Y Intercept Hong Kong Ltd Acquires New Position in Genius Sports Limited $GENI

Y Intercept Hong Kong Ltd purchased a new stake in Genius Sports Limited (NYSE:GENI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 197,211 shares of the company’s stock, valued at approximately $874,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Genius Sports by 79.5% in the third quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock worth $16,009,000 after buying an additional 572,607 shares in the last quarter. Penn Capital Management Company LLC boosted its stake in Genius Sports by 2,593.7% during the third quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock valued at $15,116,000 after buying an additional 1,174,431 shares during the period. Quent Capital LLC purchased a new position in Genius Sports during the fourth quarter worth about $2,840,000. UBS Group AG increased its stake in Genius Sports by 45.1% in the 4th quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock worth $43,804,000 after acquiring an additional 1,235,352 shares during the last quarter. Finally, Divisadero Street Capital Management LP increased its stake in Genius Sports by 226.9% in the 3rd quarter. Divisadero Street Capital Management LP now owns 545,892 shares of the company’s stock worth $6,758,000 after acquiring an additional 378,907 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 NYSE GENI opened at $6.21 on Monday. The stock has a market capitalization of $1.53 billion, a P/E ratio of -10.18 and a beta of 1.91. Genius Sports Limited has a one year low of $3.83 and a one year high of $13.73. The firm’s 50 day simple moving average is $5.72 and its two-hundred day simple moving average is $6.46.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business had revenue of $187.95 million during the quarter, compared to the consensus estimate of $170.60 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue was up 30.5% compared to the same quarter last year. As a group, equities analysts expect that Genius Sports Limited will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GENI. Needham & Company LLC lowered their price target on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Truist Financial cut their price objective on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. BTIG Research decreased their price objective on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. Finally, Wall Street Zen lowered shares of Genius Sports from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Genius Sports Company 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.