Quantbot Technologies LP Acquires New Shares in Genius Sports Limited (NYSE:GENI)

Quantbot Technologies LP purchased a new position in Genius Sports Limited (NYSE:GENI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,230 shares of the company's stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Captrust Financial Advisors bought a new stake in Genius Sports during the 3rd quarter valued at $84,000. Walleye Trading LLC raised its stake in shares of Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock valued at $95,000 after acquiring an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after purchasing an additional 3,429 shares during the period. Perigon Wealth Management LLC bought a new stake in shares of Genius Sports in the fourth quarter worth about $136,000. Finally, Aigen Investment Management LP purchased a new position in Genius Sports during the 4th quarter valued at about $163,000. Institutional investors own 81.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GENI. Guggenheim began coverage on Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating and a $12.00 target price on the stock. Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a research report on Wednesday, March 5th. Lake Street Capital raised their target price on shares of Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. B. Riley initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating on the stock. Finally, Citizens Jmp lowered shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.23.

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Genius Sports Stock Up 2.1 %

Shares of GENI stock traded up $0.21 during trading hours on Wednesday, hitting $10.24. 3,222,247 shares of the company's stock traded hands, compared to its average volume of 2,600,341. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -32.00 and a beta of 2.14. The stock's fifty day simple moving average is $9.44 and its two-hundred day simple moving average is $8.76. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $11.16.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $175.53 million for the quarter, compared to analysts' expectations of $175.52 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. On average, equities analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Genius Sports 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.