Yorktown Management & Research Co Inc Makes New $542,000 Investment in Genius Sports Limited (NYSE:GENI)

Yorktown Management & Research Co Inc acquired a new position in shares of Genius Sports Limited (NYSE:GENI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 62,700 shares of the company’s stock, valued at approximately $542,000.

A number of other large investors have also recently bought and sold shares of GENI. Sound Income Strategies LLC acquired a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $78,000. Arkadios Wealth Advisors acquired a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $79,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $84,000. Walleye Trading LLC boosted its stake in shares of Genius Sports by 169.9% in the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after purchasing an additional 29,555 shares in the last quarter. Finally, Fullcircle Wealth LLC bought a new position in Genius Sports in the 3rd quarter valued at approximately $118,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Trading Up 7.8 %

NYSE:GENI opened at $9.49 on Wednesday. The company has a fifty day moving average of $9.05 and a 200-day moving average of $8.08. Genius Sports Limited has a twelve month low of $4.91 and a twelve month high of $10.33.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same quarter last year, the firm posted ($0.06) EPS. Genius Sports’s revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. B. Riley raised their price objective 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. JMP Securities reiterated a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. Citigroup raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Macquarie raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Oppenheimer raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.28.

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.