Boothbay Fund Management LLC Purchases 108,193 Shares of Genius Sports Limited $GENI

Boothbay Fund Management LLC raised its position in Genius Sports Limited (NYSE:GENI) by 78.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,528 shares of the company’s stock after acquiring an additional 108,193 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.11% of Genius Sports worth $3,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its holdings in Genius Sports by 9.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock valued at $175,000 after purchasing an additional 1,177 shares during the period. Cetera Investment Advisers grew its position in shares of Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after buying an additional 1,388 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Genius Sports by 2.0% during the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after buying an additional 1,512 shares during the period. Main Management ETF Advisors LLC increased its stake in shares of Genius Sports by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 145,846 shares of the company’s stock valued at $1,517,000 after buying an additional 2,376 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Genius Sports by 8.3% during the second quarter. PNC Financial Services Group Inc. now owns 33,120 shares of the company’s stock valued at $344,000 after acquiring an additional 2,532 shares in the last quarter. 81.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Guggenheim reduced their price objective on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. New Street Research set a $17.00 target price on shares of Genius Sports in a research report on Thursday, December 4th. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. UBS Group reiterated a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Finally, The Goldman Sachs Group increased their price target on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Genius Sports has a consensus rating of “Moderate Buy” and a consensus price target of $12.84.

Genius Sports Trading Down 2.7%

Shares of Genius Sports stock opened at $5.19 on Tuesday. Genius Sports Limited has a 12 month low of $4.96 and a 12 month high of $13.73. The firm has a market capitalization of $1.12 billion, a P/E ratio of -12.06 and a beta of 1.91. The business has a fifty day simple moving average of $7.55 and a two-hundred day simple moving average of $10.02.

Genius Sports (NYSE:GENI) last released its earnings results on Wednesday, March 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The business had revenue of $240.50 million during the quarter, compared to analysts’ expectations of $234.94 million. During the same period in the prior year, the company earned ($0.12) earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. Analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current year.

Genius Sports Company Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.