29,205 Shares in Genius Sports Limited (NYSE:GENI) Acquired by MQS Management LLC

MQS Management LLC purchased a new stake in Genius Sports Limited (NYSE:GENI) during the first quarter, Holdings Channel reports. The firm purchased 29,205 shares of the company’s stock, valued at approximately $167,000.

Other hedge funds have also made changes to their positions in the company. NewEdge Wealth LLC acquired a new stake in Genius Sports during the 4th quarter valued at $62,000. Brown Advisory Inc. acquired a new stake in shares of Genius Sports in the fourth quarter valued at $76,000. Victory Capital Management Inc. bought a new position in shares of Genius Sports in the fourth quarter valued at about $105,000. SG Americas Securities LLC acquired a new position in Genius Sports during the 1st quarter worth about $119,000. Finally, Mirador Capital Partners LP bought a new stake in Genius Sports during the 4th quarter worth about $153,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GENI. Citigroup assumed coverage on shares of Genius Sports in a research report on Thursday, June 13th. They set a “buy” rating and a $9.00 target price on the stock. Macquarie reduced their price objective on Genius Sports from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, July 18th. The Goldman Sachs Group assumed coverage on Genius Sports in a research report on Tuesday, April 16th. They issued a “buy” rating and a $7.50 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research report on Thursday, July 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $10.00 price target on shares of Genius Sports in a research note on Thursday, April 4th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $9.18.

Genius Sports Stock Down 1.9 %

Shares of Genius Sports stock traded down $0.13 during trading on Thursday, reaching $6.59. 2,941,480 shares of the company were exchanged, compared to its average volume of 2,127,172. The business has a 50-day moving average price of $5.50 and a 200-day moving average price of $5.87. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -16.90 and a beta of 1.96. Genius Sports Limited has a twelve month low of $4.62 and a twelve month high of $8.45.

Genius Sports (NYSE:GENI) last posted its earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The company had revenue of $119.72 million for the quarter, compared to analyst estimates of $116.53 million. Genius Sports had a negative return on equity of 12.98% and a negative net margin of 19.73%. Genius Sports’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. On average, equities research analysts forecast that Genius Sports Limited will post -0.17 EPS for the current fiscal year.

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.