67,862 Shares in Genius Sports Limited (NYSE:GENI) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Genius Sports Limited (NYSE:GENI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 67,862 shares of the company’s stock, valued at approximately $532,000.

Other hedge funds have also added to or reduced their stakes in the company. Divisadero Street Capital Management LP acquired a new position in shares of Genius Sports in the 2nd quarter worth approximately $11,233,000. Massachusetts Financial Services Co. MA lifted its position in shares of Genius Sports by 28.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock worth $37,217,000 after purchasing an additional 1,502,958 shares during the period. Bank of Montreal Can acquired a new position in shares of Genius Sports in the 2nd quarter worth approximately $6,575,000. Rice Hall James & Associates LLC acquired a new position in shares of Genius Sports in the 2nd quarter worth approximately $5,521,000. Finally, AYAL Capital Advisors Ltd acquired a new position in shares of Genius Sports in the 2nd quarter worth approximately $4,635,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Stock Up 2.8 %

Shares of GENI opened at $9.13 on Wednesday. The business’s 50-day moving average price is $7.72 and its 200-day moving average price is $6.66. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $10.15. The stock has a market cap of $2.09 billion, a PE ratio of -28.53 and a beta of 1.98.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. During the same period in the prior year, the business posted ($0.06) earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. Analysts expect that Genius Sports Limited will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GENI. B. Riley lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Benchmark lifted their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Macquarie lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $10.39.

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.