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

GSA Capital Partners LLP acquired a new position in Genius Sports Limited (NYSE:GENI) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 67,862 shares of the company’s stock, valued at approximately $532,000.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in shares of Genius Sports in the third quarter worth approximately $78,000. Arkadios Wealth Advisors bought a new position in Genius Sports during the third quarter valued at approximately $79,000. Koss Olinger Consulting LLC bought a new position in Genius Sports during the second quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports during the second quarter valued at approximately $67,000. Finally, Fullcircle Wealth LLC bought a new position in Genius Sports during the third quarter valued at approximately $118,000. 81.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Benchmark increased their price objective on Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a research note on Tuesday, November 12th. B. Riley raised their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer raised their price target on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $10.39.

Genius Sports Price Performance

Shares of GENI opened at $9.13 on Wednesday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -28.53 and a beta of 1.98. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $10.15. The business’s 50 day simple moving average is $7.72 and its 200-day simple moving average is $6.66.

Genius Sports (NYSE:GENI) last released 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 company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. Genius Sports’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts expect that Genius Sports Limited will post -0.16 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.