Hood River Capital Management LLC Boosts Position in Genius Sports Limited (NYSE:GENI)

Hood River Capital Management LLC lifted its position in Genius Sports Limited (NYSE:GENI - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,026,233 shares of the company's stock after buying an additional 295,485 shares during the quarter. Hood River Capital Management LLC owned approximately 2.34% of Genius Sports worth $43,477,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GENI. Loomis Sayles & Co. L P bought a new position in Genius Sports in the 4th quarter valued at $15,553,000. Capital Research Global Investors boosted its stake in Genius Sports by 14.2% during the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock valued at $112,038,000 after buying an additional 1,610,078 shares during the period. Raymond James Financial Inc. bought a new position in Genius Sports in the 4th quarter worth about $12,332,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Genius Sports in the 4th quarter valued at about $11,292,000. Finally, Voss Capital LP increased its holdings in shares of Genius Sports by 16.7% in the 4th quarter. Voss Capital LP now owns 7,923,432 shares of the company's stock worth $68,538,000 after buying an additional 1,134,029 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company's stock.

Genius Sports Price Performance

GENI opened at $10.28 on Wednesday. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $11.16. The stock has a 50-day moving average price of $9.61 and a 200-day moving average price of $8.96. The firm has a market cap of $2.21 billion, a PE ratio of -32.11 and a beta of 1.98.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $175.53 million for the quarter, compared to the consensus estimate of $175.52 million. During the same period last year, the business earned ($0.10) EPS. As a group, sell-side analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GENI shares. The Goldman Sachs Group lifted their target price on shares of Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a report on Wednesday, March 5th. Guggenheim assumed coverage on Genius Sports in a research note on Tuesday, March 18th. They issued a "buy" rating and a $12.00 target price on the stock. Lake Street Capital increased their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

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.

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