Genius Sports Limited (NYSE:GENI) Shares Bought by Senvest Management LLC

Senvest Management LLC boosted its stake in shares of Genius Sports Limited (NYSE:GENI - Free Report) by 12.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,546,809 shares of the company's stock after buying an additional 819,385 shares during the quarter. Genius Sports makes up 2.1% of Senvest Management LLC's portfolio, making the stock its 18th largest position. Senvest Management LLC owned 3.29% of Genius Sports worth $59,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Koss Olinger Consulting LLC purchased a new stake in Genius Sports during the second quarter worth $64,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Genius Sports during the 2nd quarter worth $67,000. Sound Income Strategies LLC bought a new stake in Genius Sports during the third quarter valued at about $78,000. Arkadios Wealth Advisors purchased a new position in Genius Sports in the third quarter valued at about $79,000. Finally, Virtu Financial LLC bought a new position in Genius Sports in the first quarter worth about $94,000. 81.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Macquarie lifted their price target 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. B. Riley increased their price objective on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. The Goldman Sachs Group boosted their target price on Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $9.00 price target on shares of Genius Sports in a research note on Tuesday, November 12th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $10.39.

Genius Sports Stock Up 1.7 %

Shares of Genius Sports stock traded up $0.15 on Friday, reaching $9.07. 2,240,841 shares of the stock were exchanged, compared to its average volume of 3,151,236. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $10.15. The business has a 50 day moving average price of $7.80 and a two-hundred day moving average price of $6.74. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -28.34 and a beta of 1.98.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. Research analysts forecast that Genius Sports Limited will post -0.16 EPS for the current 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.