28,190 Shares in Genius Sports Limited (NYSE:GENI) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of Genius Sports Limited (NYSE:GENI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 28,190 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GENI. Koss Olinger Consulting LLC purchased a new stake in shares of Genius Sports during the second quarter valued at $64,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports in the 2nd quarter worth about $67,000. Sound Income Strategies LLC purchased a new position in shares of Genius Sports during the third quarter worth approximately $78,000. Arkadios Wealth Advisors bought a new stake in shares of Genius Sports during the third quarter valued at approximately $79,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Genius Sports in the third quarter valued at approximately $84,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GENI shares. The Goldman Sachs Group lifted their target price on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Macquarie upped their price objective 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 boosted their price target on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Oppenheimer increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $10.72.

Genius Sports Trading Down 1.2 %

Shares of GENI opened at $8.75 on Monday. The firm has a market cap of $2.01 billion, a PE ratio of -27.34 and a beta of 2.12. Genius Sports Limited has a 12 month low of $4.91 and a 12 month high of $10.33. The stock has a fifty day moving average price of $8.62 and a 200-day moving average price of $7.42.

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

Genius Sports 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.