PEAK6 Investments LLC Purchases New Holdings in Genius Sports Limited (NYSE:GENI)

PEAK6 Investments LLC bought a new stake in Genius Sports Limited (NYSE:GENI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 353,522 shares of the company’s stock, valued at approximately $2,772,000. PEAK6 Investments LLC owned about 0.15% of Genius Sports at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GENI. Koss Olinger Consulting LLC purchased a new position in Genius Sports during the second quarter worth about $64,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports in the 2nd quarter valued at approximately $67,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports in the third quarter valued at approximately $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports during the third quarter worth $79,000. Finally, Virtu Financial LLC purchased a new position in Genius Sports in the first quarter worth $94,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $10.04 on Monday. The business’s fifty day moving average price is $8.00 and its two-hundred day moving average price is $6.88. The stock has a market cap of $2.30 billion, a PE 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.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 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 business had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same quarter last year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Genius Sports Limited will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Benchmark upped their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. B. Riley increased 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. Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research note on Tuesday, November 12th. Finally, Citigroup raised their price objective on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $10.72.

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.