Quadrature Capital Ltd increased its stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 268.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 135,244 shares of the company's stock after acquiring an additional 98,584 shares during the period. Quadrature Capital Ltd owned approximately 0.06% of Genius Sports worth $1,060,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GENI. AYAL Capital Advisors Ltd purchased a new position in Genius Sports in the second quarter valued at about $4,635,000. GSA Capital Partners LLP purchased a new position in shares of Genius Sports during the 3rd quarter valued at approximately $532,000. Rice Hall James & Associates LLC acquired a new stake in shares of Genius Sports during the second quarter worth approximately $5,521,000. Senvest Management LLC grew its position 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 buying an additional 819,385 shares in the last quarter. Finally, Millrace Asset Group Inc. acquired a new stake in Genius Sports in the third quarter valued at $1,897,000. Hedge funds and other institutional investors own 81.91% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Benchmark raised 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 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. B. Riley upped their price objective on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Oppenheimer lifted their target price on Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group raised their price objective on Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Genius Sports has an average rating of "Buy" and a consensus target price of $10.72.
Read Our Latest Stock Analysis on Genius Sports
Genius Sports Trading Down 1.1 %
NYSE:GENI traded down $0.11 during mid-day trading on Friday, hitting $9.72. The stock had a trading volume of 2,606,983 shares, compared to its average volume of 3,542,261. Genius Sports Limited has a 52 week low of $4.91 and a 52 week high of $10.33. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -30.38 and a beta of 2.12. The company has a 50 day simple moving average of $8.17 and a 200-day simple moving average of $7.03.
Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to analysts' expectations of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm's revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. As a group, equities research analysts anticipate that Genius Sports Limited will post -0.16 earnings per share for the current year.
Genius Sports Profile
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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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