Genius Sports Limited (NYSE:GENI) Shares Purchased by State Street Corp

State Street Corp grew its position in Genius Sports Limited (NYSE:GENI - Free Report) by 237.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,859 shares of the company's stock after purchasing an additional 95,642 shares during the quarter. State Street Corp owned about 0.06% of Genius Sports worth $1,065,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Koss Olinger Consulting LLC acquired a new stake in Genius Sports in the 2nd quarter worth approximately $64,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports during the second quarter worth $67,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the third quarter valued at $78,000. Arkadios Wealth Advisors acquired a new position in shares of Genius Sports in the 3rd quarter valued at $79,000. Finally, Captrust Financial Advisors purchased a new position in Genius Sports in the 3rd quarter worth $84,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Trading Up 3.5 %

NYSE:GENI traded up $0.30 during trading hours on Friday, reaching $8.80. 1,881,524 shares of the company were exchanged, compared to its average volume of 1,977,262. The stock's 50-day moving average is $8.73 and its 200-day moving average is $7.50. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $10.33. The firm has a market cap of $2.02 billion, a PE ratio of -27.50 and a beta of 2.12.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. Genius Sports's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted ($0.06) EPS. As a group, research analysts anticipate that Genius Sports Limited will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GENI. Benchmark upped their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. The Goldman Sachs Group increased their price target on Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Oppenheimer 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 raised their target price on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $9.00 price target on shares of Genius Sports in a research report on Tuesday, November 12th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports presently has a consensus rating of "Buy" and an average price target of $10.72.

Genius Sports Company 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.