PEAK6 Investments LLC bought a new stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 353,522 shares of the company's stock, valued at approximately $2,772,000. PEAK6 Investments LLC owned about 0.15% of Genius Sports at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in Genius Sports in the 3rd quarter valued at $78,000. Arkadios Wealth Advisors bought a new stake in shares of Genius Sports in the 3rd quarter worth about $79,000. Koss Olinger Consulting LLC bought a new stake in shares of Genius Sports in the 2nd quarter worth about $64,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Genius Sports in the 2nd quarter worth about $67,000. Finally, Fullcircle Wealth LLC bought a new stake in shares of Genius Sports in the 3rd quarter worth about $118,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 target price on shares of Genius Sports in a report on Tuesday, November 12th. B. Riley upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Benchmark increased their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Macquarie increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Finally, Citigroup increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $10.72.
Read Our Latest Analysis on Genius Sports
Genius Sports Stock Performance
NYSE GENI traded down $0.27 during trading hours on Monday, reaching $9.77. 3,887,680 shares of the company's stock were exchanged, compared to its average volume of 2,406,531. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -30.69 and a beta of 1.98. Genius Sports Limited has a one year low of $4.91 and a one year high of $10.15. The company's 50-day moving average is $8.00 and its two-hundred day moving average is $6.89.
Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business earned ($0.06) earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. Research analysts predict that Genius Sports Limited will post -0.16 earnings per share for the current fiscal year.
About Genius Sports
(
Free Report)
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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