Genius Sports Limited (NYSE:GENI) Shares Bought by Portolan Capital Management LLC

Portolan Capital Management LLC grew its position in shares of Genius Sports Limited (NYSE:GENI) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,170,891 shares of the company’s stock after acquiring an additional 272,545 shares during the quarter. Genius Sports comprises about 1.8% of Portolan Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Portolan Capital Management LLC’s holdings in Genius Sports were worth $24,860,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GENI. Koss Olinger Consulting LLC bought a new stake in shares of Genius Sports during the second quarter valued at about $64,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Genius Sports during the second quarter valued at about $67,000. Sound Income Strategies LLC bought a new stake in shares of Genius Sports during the third quarter valued at about $78,000. Arkadios Wealth Advisors bought a new stake in shares of Genius Sports during the third quarter valued at about $79,000. Finally, Captrust Financial Advisors bought a new stake in shares of Genius Sports during the third quarter valued at about $84,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Trading Up 2.6 %

Shares of GENI opened at $10.00 on Wednesday. The business’s 50-day moving average price is $8.03 and its 200 day moving average price is $6.92. The stock has a market capitalization of $2.29 billion, a P/E ratio of -31.25 and a beta of 2.12. Genius Sports Limited has a 1-year low of $4.91 and a 1-year high of $10.15.

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 analysts’ consensus estimates 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 firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. During the same quarter last year, the business posted ($0.06) EPS. Genius Sports’s revenue was up 18.2% on a year-over-year basis. On average, research analysts predict that Genius Sports Limited will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.