Genius Sports Limited (NYSE:GENI) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd raised its position in Genius Sports Limited (NYSE:GENI) by 221.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 70,535 shares of the company’s stock after purchasing an additional 48,563 shares during the period. XTX Topco Ltd’s holdings in Genius Sports were worth $553,000 at the end of the most recent reporting period.

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

Genius Sports Stock Up 0.3 %

Shares of Genius Sports stock opened at $9.16 on Friday. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $10.33. The business has a fifty day simple moving average of $8.35 and a 200-day simple moving average of $7.16. The stock has a market cap of $2.10 billion, a PE ratio of -28.61 and a beta of 2.12.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $118.94 million. During the same period last year, the business earned ($0.06) EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts expect that Genius Sports Limited will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GENI shares. Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research report on Tuesday, November 12th. Benchmark raised their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their target price on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Oppenheimer lifted their price target on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Macquarie upped their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.