71,525 Shares in Genius Sports Limited (NYSE:GENI) Bought by Stifel Financial Corp

Stifel Financial Corp purchased a new stake in Genius Sports Limited (NYSE:GENI - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 71,525 shares of the company's stock, valued at approximately $561,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Senvest Management LLC grew its holdings in shares of Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company's stock worth $59,167,000 after purchasing an additional 819,385 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Genius Sports by 10.1% in 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 purchasing an additional 691,539 shares during the period. FMR LLC grew its stake in Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company's stock worth $56,604,000 after buying an additional 2,507,165 shares during the last quarter. Portolan Capital Management LLC increased its position in Genius Sports by 9.4% during the third quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company's stock worth $24,860,000 after buying an additional 272,545 shares during the period. Finally, Needham Investment Management LLC lifted its stake in Genius Sports by 10.8% in the third quarter. Needham Investment Management LLC now owns 2,327,500 shares of the company's stock valued at $18,248,000 after buying an additional 227,500 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Down 1.2 %

NYSE GENI traded down $0.11 during trading hours on Friday, hitting $8.75. 851,689 shares of the stock were exchanged, compared to its average volume of 2,383,614. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -27.34 and a beta of 2.12. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $10.33. The stock has a 50-day moving average of $8.62 and a 200 day moving average of $7.41.

Genius Sports (NYSE:GENI - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same period in the prior year, the business posted ($0.06) EPS. The company's revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Genius Sports Limited will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $9.00 target price on shares of Genius Sports in a research report on Tuesday, November 12th. Macquarie raised 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. 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. The Goldman Sachs Group increased their target price 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. Finally, Citigroup boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $10.72.

Genius Sports Company 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.