Voss Capital LP Grows Stock Holdings in Genius Sports Limited (NYSE:GENI)

Voss Capital LP raised its stake in Genius Sports Limited (NYSE:GENI - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,923,432 shares of the company's stock after acquiring an additional 1,134,029 shares during the period. Genius Sports makes up 5.1% of Voss Capital LP's portfolio, making the stock its 8th largest holding. Voss Capital LP owned approximately 3.68% of Genius Sports worth $68,538,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp bought a new stake in Genius Sports during the 3rd quarter valued at about $561,000. State Street Corp raised its position in Genius Sports by 237.8% during the 3rd quarter. State Street Corp now owns 135,859 shares of the company's stock worth $1,065,000 after buying an additional 95,642 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Genius Sports in the 3rd quarter valued at about $221,000. Tidal Investments LLC purchased a new stake in Genius Sports during the third quarter worth $371,000. Finally, JPMorgan Chase & Co. increased its position in shares of Genius Sports by 2,765,692.0% in the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock valued at $5,421,000 after buying an additional 691,423 shares in the last quarter. Institutional investors own 81.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GENI shares. The Goldman Sachs Group increased their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, March 5th. BTIG Research upped their price target on Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a report on Tuesday. JMP Securities restated a "market outperform" rating and set a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. Needham & Company LLC set a $13.00 target price on Genius Sports in a research report on Wednesday, March 5th. Finally, Benchmark reiterated a "buy" rating and set a $12.00 target price on shares of Genius Sports in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.19.

Genius Sports Stock Up 2.3 %

Shares of GENI traded up $0.24 during midday trading on Friday, reaching $10.80. 3,101,846 shares of the stock were exchanged, compared to its average volume of 3,241,242. The company has a market cap of $2.32 billion, a P/E ratio of -33.75 and a beta of 1.98. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $11.16. The stock's 50 day simple moving average is $9.64 and its 200 day simple moving average is $8.99.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $175.53 million for the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter in the prior year, the company earned ($0.10) earnings per share. As a group, analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

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.