Ieq Capital LLC Purchases Shares of 150,000 Genius Sports Limited (NYSE:GENI)

Ieq Capital LLC acquired a new stake in Genius Sports Limited (NYSE:GENI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 150,000 shares of the company's stock, valued at approximately $927,000. Ieq Capital LLC owned about 0.07% of Genius Sports as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GENI. NewEdge Wealth LLC bought a new position in shares of Genius Sports in the fourth quarter valued at $62,000. Orion Portfolio Solutions LLC bought a new position in shares of Genius Sports in the third quarter valued at $58,000. Algert Global LLC bought a new position in shares of Genius Sports in the third quarter valued at $68,000. MQS Management LLC bought a new position in shares of Genius Sports in the third quarter valued at $88,000. Finally, Victory Capital Management Inc. bought a new position in shares of Genius Sports in the fourth quarter valued at $105,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Price Performance

Shares of GENI stock remained flat at $5.45 on Thursday. 1,565,145 shares of the stock were exchanged, compared to its average volume of 2,191,682. The firm has a 50 day simple moving average of $5.53 and a 200-day simple moving average of $5.90. Genius Sports Limited has a 52-week low of $4.62 and a 52-week high of $8.45. The firm has a market capitalization of $1.27 billion, a PE ratio of -13.97 and a beta of 1.98.

Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Genius Sports had a negative return on equity of 12.98% and a negative net margin of 19.73%. The company had revenue of $119.72 million for the quarter, compared to the consensus estimate of $116.53 million. During the same period in the prior year, the business earned ($0.12) earnings per share. The firm's revenue for the quarter was up 23.1% on a year-over-year basis. On average, sell-side analysts forecast that Genius Sports Limited will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GENI shares. B. Riley started coverage on shares of Genius Sports in a research note on Friday, April 5th. They issued a "buy" rating and a $9.00 target price for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $8.00 price objective on shares of Genius Sports in a research report on Monday, February 26th. Benchmark reaffirmed a "buy" rating and set a $10.00 price objective on shares of Genius Sports in a research report on Thursday, March 7th. Oppenheimer reaffirmed an "outperform" rating and set a $10.00 price objective on shares of Genius Sports in a research report on Thursday, April 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $9.00 price objective on shares of Genius Sports in a research report on Thursday, May 9th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports currently has an average rating of "Buy" and an average price target of $9.33.

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.