191,439 Shares in Genius Sports Limited $GENI Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in Genius Sports Limited (NYSE:GENI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 191,439 shares of the company’s stock, valued at approximately $2,370,000.

A number of other institutional investors have also added to or reduced their stakes in GENI. New York State Common Retirement Fund increased its holdings in shares of Genius Sports by 395.5% in the third quarter. New York State Common Retirement Fund now owns 979,000 shares of the company’s stock worth $12,120,000 after purchasing an additional 781,411 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Genius Sports by 351.7% during the second quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock valued at $10,101,000 after buying an additional 756,235 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Genius Sports by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,006,277 shares of the company’s stock valued at $36,316,000 after buying an additional 117,591 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Genius Sports by 341.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company’s stock worth $41,231,000 after acquiring an additional 2,576,329 shares during the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Genius Sports during the 3rd quarter worth approximately $10,153,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GENI. Guggenheim cut their target price on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 6th. The Goldman Sachs Group upped their price target on shares of Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a research note on Monday, December 29th. Benchmark restated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Finally, UBS Group set a $6.00 target price on shares of Genius Sports in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.40.

Genius Sports Trading Up 1.6%

Genius Sports stock opened at $6.48 on Wednesday. Genius Sports Limited has a 12-month low of $5.68 and a 12-month high of $13.73. The firm has a 50-day moving average price of $8.56 and a 200-day moving average price of $10.49. The firm has a market capitalization of $1.39 billion, a PE ratio of -13.78 and a beta of 1.91.

Genius Sports Company Profile

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.