71,525 Shares in Genius Sports Limited (NYSE:GENI) Acquired by Stifel Financial Corp

Stifel Financial Corp bought a new stake in shares of Genius Sports Limited (NYSE:GENI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 71,525 shares of the company’s stock, valued at approximately $561,000.

A number of other hedge funds also recently modified their holdings of GENI. AYAL Capital Advisors Ltd purchased a new position in shares of Genius Sports during the second quarter valued at $4,635,000. GSA Capital Partners LLP acquired a new stake in Genius Sports during the 3rd quarter worth about $532,000. Rice Hall James & Associates LLC purchased a new position in Genius Sports during the 2nd quarter valued at about $5,521,000. Senvest Management LLC increased its holdings in shares of Genius Sports by 12.2% in the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after purchasing an additional 819,385 shares during the period. Finally, Millrace Asset Group Inc. purchased a new stake in shares of Genius Sports in the third quarter worth approximately $1,897,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Genius Sports Price Performance

Genius Sports stock opened at $8.86 on Friday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -27.69 and a beta of 2.12. The company’s fifty day moving average price is $8.60 and its two-hundred day moving average price is $7.39. Genius Sports Limited has a one year low of $4.91 and a one year high of $10.33.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating 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 company had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. During the same quarter last year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Genius Sports Limited will post -0.16 earnings per share for the current 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.