Genius Sports Limited (NYSE:GENI) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in Genius Sports Limited (NYSE:GENI) by 56.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 491,314 shares of the company’s stock after purchasing an additional 176,845 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.21% of Genius Sports worth $4,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GENI. Sound Income Strategies LLC purchased a new stake in Genius Sports in the third quarter valued at approximately $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports in the 3rd quarter valued at $79,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports in the third quarter worth $84,000. Walleye Trading LLC raised its holdings in shares of Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after purchasing an additional 29,555 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Genius Sports during the second quarter valued at $67,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Price Performance

GENI stock opened at $8.83 on Friday. Genius Sports Limited has a 1 year low of $4.91 and a 1 year high of $10.33. The firm has a market capitalization of $2.03 billion, a PE ratio of -27.59 and a beta of 2.15. The business has a 50 day simple moving average of $8.95 and a 200-day simple moving average of $7.65.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company earned ($0.06) EPS. On average, equities research analysts expect that Genius Sports Limited will post -0.16 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Oppenheimer lifted their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Benchmark lifted their target price on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Macquarie increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Citizens Jmp cut shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, B. Riley raised their target price on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Genius Sports currently has an average rating of “Moderate Buy” and a consensus price target of $10.94.

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.