Harbor Capital Advisors Inc. Increases Holdings in Genius Sports Limited (NYSE:GENI)

Harbor Capital Advisors Inc. grew its holdings in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 56.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 491,314 shares of the company's stock after purchasing an additional 176,845 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.21% of Genius Sports worth $4,250,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of Genius Sports during the third quarter worth $78,000. Arkadios Wealth Advisors acquired a new stake in Genius Sports during the 3rd quarter worth about $79,000. Captrust Financial Advisors purchased a new stake in Genius Sports during the 3rd quarter valued at about $84,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Genius Sports in the second quarter valued at about $67,000. Finally, Fullcircle Wealth LLC acquired a new position in shares of Genius Sports in the third quarter valued at about $118,000. Institutional investors and hedge funds own 81.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oppenheimer upped their target price on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group boosted their target price 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. Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Macquarie boosted 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. Finally, B. Riley upped their target price on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.94.

Genius Sports Stock Performance

Shares of NYSE:GENI traded down $0.07 during midday trading on Friday, reaching $8.83. 2,679,641 shares of the company's stock traded hands, compared to its average volume of 2,360,023. The company has a market cap of $2.03 billion, a P/E ratio of -27.59 and a beta of 2.15. The company has a fifty day simple moving average of $8.95 and a two-hundred day simple moving average of $7.67. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $10.33.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $120.20 million during the quarter, compared to analysts' expectations of $118.94 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The company's quarterly revenue was up 18.2% on a year-over-year basis. As a group, research analysts forecast that Genius Sports Limited will post -0.16 EPS for the current fiscal year.

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.