15,500 Shares in Genius Sports Limited (NYSE:GENI) Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC acquired a new position in Genius Sports Limited (NYSE:GENI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,500 shares of the company’s stock, valued at approximately $136,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GENI. Sound Income Strategies LLC bought a new stake in shares of Genius Sports in the 3rd quarter worth $78,000. Arkadios Wealth Advisors bought a new position in shares of Genius Sports during the 3rd quarter valued at about $79,000. Captrust Financial Advisors bought a new position in shares of Genius Sports in the 3rd quarter valued at about $84,000. Walleye Trading LLC lifted its stake in Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after purchasing an additional 29,555 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in Genius Sports in the second quarter worth about $102,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GENI shares. JMP Securities reaffirmed a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. Macquarie boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Citigroup boosted their target price 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. Benchmark upped their price objective on shares of 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 upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.28.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $8.81 on Tuesday. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.33. The company’s fifty day moving average is $9.05 and its two-hundred day moving average is $8.05. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -27.52 and a beta of 2.15.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. The company had revenue of $120.20 million during 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%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. Sell-side analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

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.