PEAK6 Investments LLC Buys New Shares in Genius Sports Limited (NYSE:GENI)

PEAK6 Investments LLC purchased a new stake in Genius Sports Limited (NYSE:GENI) in the 3rd quarter, Holdings Channel reports. The firm purchased 353,522 shares of the company’s stock, valued at approximately $2,772,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Koss Olinger Consulting LLC acquired a new stake in shares of Genius Sports during the 2nd quarter worth $64,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Genius Sports during the second quarter valued at about $67,000. Sound Income Strategies LLC acquired a new stake in Genius Sports during the third quarter worth about $78,000. Arkadios Wealth Advisors purchased a new position in shares of Genius Sports in the 3rd quarter worth about $79,000. Finally, Virtu Financial LLC acquired a new position in shares of Genius Sports in the 1st quarter valued at about $94,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Oppenheimer raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. B. Riley lifted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Macquarie increased their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th. Finally, Benchmark increased their target price on Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $10.72.

Genius Sports Stock Performance

NYSE:GENI opened at $10.04 on Monday. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -31.38 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 business’s 50-day simple moving average is $8.00 and its 200 day simple moving average is $6.88.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same period in the prior year, the company posted ($0.06) EPS. Genius Sports’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts predict that Genius Sports Limited will post -0.16 EPS for the current year.

About Genius Sports

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.