Vanguard Personalized Indexing Management LLC Takes $67,000 Position in Genius Sports Limited (NYSE:GENI)

Vanguard Personalized Indexing Management LLC acquired a new stake in Genius Sports Limited (NYSE:GENI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,262 shares of the company’s stock, valued at approximately $67,000.

A number of other institutional investors have also recently made changes to their positions in GENI. Renaissance Technologies LLC grew its holdings in Genius Sports by 9.4% during the 2nd quarter. Renaissance Technologies LLC now owns 390,000 shares of the company’s stock worth $2,126,000 after acquiring an additional 33,522 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Genius Sports by 28.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock worth $37,217,000 after buying an additional 1,502,958 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of Genius Sports during the 2nd quarter worth approximately $5,521,000. Koss Olinger Consulting LLC purchased a new stake in Genius Sports in the 2nd quarter valued at $64,000. Finally, Roubaix Capital LLC grew its stake in shares of Genius Sports by 16.4% during the 2nd quarter. Roubaix Capital LLC now owns 869,110 shares of the company’s stock worth $4,737,000 after purchasing an additional 122,544 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Genius Sports in a report on Thursday, September 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research note on Tuesday, August 6th. Citigroup assumed coverage on shares of Genius Sports in a report on Thursday, June 13th. They set a “buy” rating and a $9.00 price objective on the stock. B. Riley increased their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Macquarie cut their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, July 18th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $9.45.

Genius Sports Stock Down 5.1 %

Shares of NYSE GENI opened at $7.44 on Wednesday. The stock has a market cap of $1.71 billion, a P/E ratio of -19.08 and a beta of 1.96. The firm’s 50-day simple moving average is $7.35 and its 200 day simple moving average is $6.12. Genius Sports Limited has a fifty-two week low of $4.62 and a fifty-two week high of $8.64.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Genius Sports had a negative return on equity of 15.30% and a negative net margin of 21.93%. The firm had revenue of $95.50 million for the quarter, compared to analyst estimates of $94.15 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. Genius Sports’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that Genius Sports Limited will post -0.2 earnings per share for the current fiscal 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.