98,245 Shares in Genius Sports Limited $GENI Purchased by Round Rock Advisors LLC

Round Rock Advisors LLC acquired a new stake in Genius Sports Limited (NYSE:GENI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 98,245 shares of the company’s stock, valued at approximately $595,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GENI. Parallel Advisors LLC purchased a new stake in shares of Genius Sports in the first quarter valued at approximately $25,000. Baer Investment Advisory LLC acquired a new stake in Genius Sports in the first quarter valued at $61,000. UMB Bank n.a. acquired a new stake in Genius Sports in the fourth quarter valued at $63,000. Lexington Hill Partners LLC purchased a new stake in shares of Genius Sports during the 2nd quarter worth $64,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Genius Sports by 29.1% in the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock valued at $68,000 after purchasing an additional 3,440 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Roth Capital reiterated a “buy” rating and set a $12.00 price target on shares of Genius Sports in a research report on Friday, August 7th. Zacks Research cut Genius Sports from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Needham & Company LLC upped their target price on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Friday, August 7th. Benchmark restated a “buy” rating on shares of Genius Sports in a research report on Friday, August 28th. Finally, Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.44.

Genius Sports Stock Performance

Genius Sports stock opened at $7.45 on Thursday. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -10.95 and a beta of 1.88. The stock has a fifty day moving average of $7.09 and a two-hundred day moving average of $5.89. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.97 and a current ratio of 0.97.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). The company had revenue of $195.50 million for the quarter, compared to analyst estimates of $184.43 million. Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The firm’s revenue was up 64.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) EPS. On average, analysts anticipate that Genius Sports Limited will post -0.35 EPS for the current fiscal year.

About Genius Sports

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.