Moors & Cabot Inc. Takes Position in Genius Sports Limited (NYSE:GENI)

Moors & Cabot Inc. bought a new position in shares of Genius Sports Limited (NYSE:GENI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 33,825 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in Genius Sports by 28.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock worth $37,217,000 after acquiring an additional 1,502,958 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of Genius Sports in the 2nd quarter worth about $11,233,000. Hood River Capital Management LLC increased its position in shares of Genius Sports by 6.0% during the 2nd quarter. Hood River Capital Management LLC now owns 2,026,873 shares of the company’s stock worth $11,046,000 after purchasing an additional 114,490 shares in the last quarter. Bank of Montreal Can bought a new position in Genius Sports during the 2nd quarter valued at about $6,575,000. Finally, Silvercrest Asset Management Group LLC boosted its position in Genius Sports by 4.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,159,465 shares of the company’s stock valued at $6,621,000 after buying an additional 50,482 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Trading Up 1.7 %

Shares of NYSE:GENI opened at $9.07 on Friday. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.15. The business has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $6.73. The stock has a market capitalization of $2.08 billion, a P/E ratio of -28.34 and a beta of 1.98.

Genius Sports (NYSE:GENI) last issued its 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 net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities analysts predict that Genius Sports Limited will post -0.16 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on GENI shares. B. Riley raised 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. Macquarie raised their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group boosted their price objective on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Oppenheimer raised their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research report on Tuesday, November 12th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $10.39.

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.