Canton Hathaway LLC bought a new position in Genius Sports Limited (NYSE:GENI – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,500 shares of the company’s stock, valued at approximately $161,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Senvest Management LLC grew its position in Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after purchasing an additional 819,385 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Genius Sports by 10.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock valued at $58,959,000 after acquiring an additional 691,539 shares in the last quarter. Moors & Cabot Inc. acquired a new position in shares of Genius Sports in the third quarter worth $265,000. GSA Capital Partners LLP purchased a new stake in shares of Genius Sports during the third quarter worth $532,000. Finally, Olympiad Research LP acquired a new stake in Genius Sports during the third quarter valued at $209,000. Institutional investors and hedge funds own 81.91% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on GENI shares. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a report on Tuesday, November 12th. Macquarie raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. B. Riley increased their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Oppenheimer increased their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $10.39.
Genius Sports Price Performance
Shares of GENI opened at $9.26 on Monday. The stock has a 50 day simple moving average of $7.80 and a 200-day simple moving average of $6.74. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $10.15.
Genius Sports (NYSE:GENI – Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $118.94 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts forecast 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.
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