Guggenheim Capital LLC Grows Stake in Genius Sports Limited (NYSE:GENI)

Guggenheim Capital LLC grew its holdings in Genius Sports Limited (NYSE:GENI) by 1.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 218,419 shares of the company’s stock after acquiring an additional 2,729 shares during the quarter. Guggenheim Capital LLC owned about 0.10% of Genius Sports worth $1,088,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Granahan Investment Management LLC grew its stake in Genius Sports by 1.1% during the 4th quarter. Granahan Investment Management LLC now owns 9,355,171 shares of the company’s stock worth $33,398,000 after buying an additional 98,650 shares during the last quarter. White Pine Capital LLC grew its stake in Genius Sports by 10.4% during the 1st quarter. White Pine Capital LLC now owns 324,492 shares of the company’s stock worth $1,616,000 after buying an additional 30,613 shares during the last quarter. Advisory Research Inc. purchased a new position in Genius Sports during the 4th quarter worth approximately $211,000. Portolan Capital Management LLC purchased a new position in shares of Genius Sports in the 4th quarter valued at approximately $5,607,000. Finally, SG Capital Management LLC purchased a new position in shares of Genius Sports in the 4th quarter valued at approximately $106,000. Hedge funds and other institutional investors own 43.24% of the company’s stock.

Wall Street Analysts Forecast Growth

GENI has been the topic of several analyst reports. Needham & Company LLC lifted their target price on Genius Sports from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. B. Riley lifted their target price on Genius Sports from $9.00 to $10.00 in a research note on Tuesday, August 8th. Oppenheimer lifted their target price on Genius Sports from $7.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Citigroup lifted their target price on Genius Sports from $7.00 to $9.00 in a research note on Wednesday, July 19th. Finally, Benchmark lifted their target price on Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Genius Sports presently has an average rating of “Buy” and a consensus target price of $9.28.

Genius Sports Price Performance

GENI opened at $6.56 on Monday. The business has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $5.57. The stock has a market capitalization of $1.44 billion, a P/E ratio of -7.81 and a beta of 1.93. Genius Sports Limited has a 12 month low of $3.12 and a 12 month high of $8.45.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Monday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $86.90 million during the quarter, compared to analysts’ expectations of $80.57 million. Genius Sports had a negative return on equity of 13.95% and a negative net margin of 46.77%. Genius Sports’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. Research analysts anticipate that Genius Sports Limited will post -0.22 EPS for the current year.

Genius Sports Profile

Genius Sports Limited develops and sells 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.