314,469 Shares in Genius Sports Limited (NYSE:GENI) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. acquired a new stake in Genius Sports Limited (NYSE:GENI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 314,469 shares of the company's stock, valued at approximately $2,465,000. Harbor Capital Advisors Inc. owned approximately 0.14% of Genius Sports as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GENI. Divisadero Street Capital Management LP acquired a new position in Genius Sports during the second quarter worth $11,233,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Genius Sports by 28.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company's stock valued at $37,217,000 after purchasing an additional 1,502,958 shares during the period. Bank of Montreal Can acquired a new stake in Genius Sports in the second quarter valued at $6,575,000. Rice Hall James & Associates LLC acquired a new stake in shares of Genius Sports during the second quarter worth $5,521,000. Finally, AYAL Capital Advisors Ltd acquired a new stake in shares of Genius Sports in the 2nd quarter worth about $4,635,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Benchmark reissued a "buy" rating and issued a $10.00 price target on shares of Genius Sports in a research report on Friday, October 11th. Needham & Company LLC reiterated a "buy" rating and set a $9.00 price target on shares of Genius Sports in a research note on Tuesday, August 6th. Macquarie cut their price objective on Genius Sports from $10.00 to $9.00 and set an "outperform" rating for the company in a report on Thursday, July 18th. The Goldman Sachs Group lifted their price target on Genius Sports from $7.50 to $8.50 and gave the company a "buy" rating in a report on Thursday, August 8th. Finally, B. Riley lifted their price objective on Genius Sports from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $9.45.

Genius Sports Stock Performance

Shares of NYSE GENI traded up $0.05 during mid-day trading on Tuesday, hitting $6.79. The stock had a trading volume of 1,682,561 shares, compared to its average volume of 2,303,181. Genius Sports Limited has a 1 year low of $4.73 and a 1 year high of $8.64. The business has a 50 day moving average price of $7.49 and a two-hundred day moving average price of $6.40. The firm has a market cap of $1.56 billion, a P/E ratio of -15.77 and a beta of 1.98.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.06). The company had revenue of $95.50 million for the quarter, compared to the consensus estimate of $94.15 million. Genius Sports had a negative net margin of 21.93% and a negative return on equity of 15.30%. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. Equities research analysts predict that Genius Sports Limited will post -0.2 EPS for the current fiscal year.

About Genius Sports

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.