314,469 Shares in Genius Sports Limited (NYSE:GENI) Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new stake in shares of Genius Sports Limited (NYSE:GENI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 314,469 shares of the company’s stock, valued at approximately $2,465,000. Harbor Capital Advisors Inc. owned about 0.14% of Genius Sports at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AYAL Capital Advisors Ltd bought a new position in Genius Sports during the second quarter valued at approximately $4,635,000. Rice Hall James & Associates LLC bought a new position in Genius Sports during the second quarter valued at approximately $5,521,000. Hood River Capital Management LLC lifted its stake in shares of Genius Sports by 6.0% in the 2nd quarter. Hood River Capital Management LLC now owns 2,026,873 shares of the company’s stock valued at $11,046,000 after purchasing an additional 114,490 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Genius Sports in the 2nd quarter valued at approximately $1,804,000. Finally, Bank of Montreal Can bought a new stake in shares of Genius Sports in the 2nd quarter valued at approximately $6,575,000. 81.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Thursday, August 8th. 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, August 6th. Macquarie lowered their price objective on Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. B. Riley raised their price objective on Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Benchmark reissued a “buy” rating and set a $10.00 price target on shares of Genius Sports in a research note on Friday, October 11th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $9.45.

Genius Sports Stock Down 2.3 %

GENI opened at $6.74 on Tuesday. The stock’s fifty day moving average is $7.49 and its two-hundred day moving average is $6.40. The company has a market capitalization of $1.55 billion, a P/E ratio of -15.67 and a beta of 1.98. Genius Sports Limited has a 52 week low of $4.73 and a 52 week high of $8.64.

Genius Sports (NYSE:GENI) last announced its quarterly 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 net margin of 21.93% and a negative return on equity of 15.30%. The company had revenue of $95.50 million during the quarter, compared to analysts’ expectations of $94.15 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. Equities analysts anticipate that Genius Sports Limited will post -0.2 earnings per share for the current year.

Genius Sports 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.