Genius Sports Limited (NYSE:GENI) Shares Bought by Canton Hathaway LLC

Canton Hathaway LLC boosted its stake in shares of Genius Sports Limited (NYSE:GENI) by 67.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,300 shares of the company’s stock after purchasing an additional 13,800 shares during the quarter. Canton Hathaway LLC’s holdings in Genius Sports were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GENI. Arkadios Wealth Advisors acquired a new position in Genius Sports during the third quarter worth $79,000. Captrust Financial Advisors acquired a new position in Genius Sports during the third quarter worth $84,000. Walleye Trading LLC boosted its stake in Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after buying an additional 29,555 shares during the last quarter. Fullcircle Wealth LLC acquired a new position in Genius Sports during the third quarter worth $118,000. Finally, Perigon Wealth Management LLC acquired a new position in Genius Sports during the fourth quarter worth $136,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of NYSE GENI opened at $8.71 on Tuesday. The stock’s 50-day moving average is $8.99 and its two-hundred day moving average is $8.35. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.33. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -27.20 and a beta of 2.15.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GENI shares. B. Riley upped their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. Benchmark upped their price target on Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group boosted their price objective on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Oppenheimer boosted their price objective on Genius Sports from $10.00 to $12.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.