Y Intercept Hong Kong Ltd Purchases New Shares in Genius Sports Limited (NYSE:GENI)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Genius Sports Limited (NYSE:GENI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 38,075 shares of the company’s stock, valued at approximately $299,000.

Other hedge funds have also recently bought and sold shares of the company. Main Management ETF Advisors LLC bought a new position in shares of Genius Sports in the third quarter valued at approximately $1,010,000. XTX Topco Ltd boosted its position in Genius Sports by 221.0% in the third quarter. XTX Topco Ltd now owns 70,535 shares of the company’s stock worth $553,000 after purchasing an additional 48,563 shares during the last quarter. Wellington Management Group LLP boosted its stake in Genius Sports by 2.9% in the third quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock valued at $65,013,000 after acquiring an additional 230,209 shares during the last quarter. State Street Corp grew its position in shares of Genius Sports by 237.8% during the 3rd quarter. State Street Corp now owns 135,859 shares of the company’s stock valued at $1,065,000 after acquiring an additional 95,642 shares during the period. Finally, Stifel Financial Corp purchased a new stake in shares of Genius Sports during the 3rd quarter worth approximately $561,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

NYSE GENI opened at $9.28 on Wednesday. The company has a market capitalization of $2.13 billion, a P/E ratio of -28.98 and a beta of 2.12. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $10.33. The company has a fifty day moving average of $8.43 and a 200-day moving average of $7.25.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) earnings per share. As a group, analysts forecast that Genius Sports Limited will post -0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GENI has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th. Macquarie upped their price target on 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 price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Benchmark increased their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group boosted their price target on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $10.72.

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.