20,500 Shares in Genius Sports Limited (NYSE:GENI) Acquired by Canton Hathaway LLC

Canton Hathaway LLC purchased a new stake in shares of Genius Sports Limited (NYSE:GENI) in the third quarter, Holdings Channel.com reports. The fund purchased 20,500 shares of the company’s stock, valued at approximately $161,000.

Several other institutional investors have also recently bought and sold shares of the business. Divisadero Street Capital Management LP bought a new stake in shares of Genius Sports during the second quarter valued at approximately $11,233,000. Massachusetts Financial Services Co. MA boosted its stake in Genius Sports by 28.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock valued at $37,217,000 after acquiring an additional 1,502,958 shares during the last quarter. Bank of Montreal Can acquired a new stake in Genius Sports during the 2nd quarter worth $6,575,000. Rice Hall James & Associates LLC bought a new stake in shares of Genius Sports during the 2nd quarter valued at $5,521,000. Finally, AYAL Capital Advisors Ltd acquired a new position in shares of Genius Sports in the 2nd quarter valued at $4,635,000. Institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

GENI has been the topic of several analyst reports. Macquarie increased their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. B. Riley upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer lifted 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. Finally, Benchmark upped their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Genius Sports has an average rating of “Buy” and an average target price of $10.39.

Genius Sports Price Performance

Shares of GENI stock opened at $9.26 on Monday. Genius Sports Limited has a 12-month low of $4.91 and a 12-month high of $10.15. The firm has a fifty day moving average of $7.80 and a 200-day moving average of $6.74.

Genius Sports (NYSE:GENI) last released 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 firm had revenue of $120.20 million during the quarter, compared to analysts’ expectations 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 was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. 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.