Main Management ETF Advisors LLC Invests $1.01 Million in Genius Sports Limited (NYSE:GENI)

Main Management ETF Advisors LLC acquired a new stake in Genius Sports Limited (NYSE:GENI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 128,816 shares of the company’s stock, valued at approximately $1,010,000. Main Management ETF Advisors LLC owned about 0.06% of Genius Sports as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AYAL Capital Advisors Ltd bought a new stake in Genius Sports in the 2nd quarter valued at about $4,635,000. GSA Capital Partners LLP bought a new stake in Genius Sports in the 3rd quarter valued at about $532,000. Rice Hall James & Associates LLC bought a new stake in Genius Sports in the 2nd quarter valued at about $5,521,000. Senvest Management LLC raised its position in shares of Genius Sports by 12.2% during the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after buying an additional 819,385 shares in the last quarter. Finally, Millrace Asset Group Inc. bought a new stake in shares of Genius Sports during the 3rd quarter worth about $1,897,000. 81.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. 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. 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. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th. Finally, B. Riley lifted their price objective 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 13th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports has a consensus rating of “Buy” and an average target price of $10.72.

Genius Sports Stock Performance

GENI stock opened at $9.72 on Friday. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $10.33. The company’s 50 day simple moving average is $8.17 and its 200-day simple moving average is $7.02.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The firm’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts anticipate that Genius Sports Limited will post -0.16 EPS for the current fiscal year.

Genius Sports Company 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.