GSA Capital Partners LLP Takes $532,000 Position in Genius Sports Limited (NYSE:GENI)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AYAL Capital Advisors Ltd purchased a new position in Genius Sports in the 2nd quarter worth approximately $4,635,000. Rice Hall James & Associates LLC acquired a new stake in Genius Sports in the 2nd quarter valued at approximately $5,521,000. Hood River Capital Management LLC increased its holdings in Genius Sports by 6.0% in the 2nd quarter. Hood River Capital Management LLC now owns 2,026,873 shares of the company's stock valued at $11,046,000 after purchasing an additional 114,490 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Genius Sports in the second quarter worth $1,804,000. Finally, Bank of Montreal Can acquired a new position in shares of Genius Sports in the second quarter worth $6,575,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Down 0.5 %

Shares of GENI traded down $0.04 on Wednesday, hitting $9.09. 1,346,908 shares of the stock traded hands, compared to its average volume of 2,391,056. The firm has a market capitalization of $2.08 billion, a P/E ratio of -28.39 and a beta of 1.98. The stock's 50 day moving average is $7.75 and its two-hundred day moving average is $6.68. 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 announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. Genius Sports's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) EPS. Research analysts forecast that Genius Sports Limited will post -0.16 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on GENI. Oppenheimer lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Benchmark boosted their price target on shares of Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Needham & Company LLC restated a "buy" rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th. 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. Finally, The Goldman Sachs Group boosted their price target on shares of Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target 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.