Quadrature Capital Ltd Buys 98,584 Shares of Genius Sports Limited (NYSE:GENI)

Quadrature Capital Ltd boosted its stake in shares of Genius Sports Limited (NYSE:GENI) by 268.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 135,244 shares of the company’s stock after purchasing an additional 98,584 shares during the period. Quadrature Capital Ltd’s holdings in Genius Sports were worth $1,060,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GENI. Clear Harbor Asset Management LLC purchased a new stake in shares of Genius Sports in the 2nd quarter worth $164,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Genius Sports by 42.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock worth $98,000 after acquiring an additional 5,342 shares in the last quarter. Roubaix Capital LLC increased its position in Genius Sports by 16.4% during the 2nd quarter. Roubaix Capital LLC now owns 869,110 shares of the company’s stock valued at $4,737,000 after purchasing an additional 122,544 shares during the period. Koss Olinger Consulting LLC bought a new stake in shares of Genius Sports in the 2nd quarter valued at about $64,000. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Genius Sports in the 2nd quarter worth approximately $5,521,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

Shares of GENI stock opened at $9.72 on Friday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -30.38 and a beta of 2.12. The stock’s 50-day simple moving average is $8.17 and its 200-day simple moving average is $7.03. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $10.33.

Genius Sports (NYSE:GENI) last issued its quarterly 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. The business 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 revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.06) EPS. As a group, equities analysts forecast that Genius Sports Limited will post -0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on GENI. Citigroup boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group boosted 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 upped their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Benchmark lifted 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. Finally, B. Riley increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, 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.