Main Management ETF Advisors LLC Acquires Shares of 128,816 Genius Sports Limited (NYSE:GENI)

Main Management ETF Advisors LLC acquired a new stake in Genius Sports Limited (NYSE:GENI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 128,816 shares of the company’s stock, valued at approximately $1,010,000.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Genius Sports by 42.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock worth $98,000 after acquiring an additional 5,342 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Genius Sports in the third quarter worth approximately $78,000. Arkadios Wealth Advisors bought a new stake in Genius Sports in the third quarter worth approximately $79,000. Captrust Financial Advisors bought a new stake in Genius Sports in the third quarter worth approximately $84,000. Finally, Koss Olinger Consulting LLC bought a new stake in Genius Sports in the second quarter worth approximately $64,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Oppenheimer boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. B. Riley upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Citigroup upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Macquarie upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $10.72.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $9.72 on Friday. Genius Sports Limited has a fifty-two week low of $4.91 and a fifty-two week high of $10.33. The firm has a fifty day moving average price of $8.17 and a two-hundred day moving average price of $7.02.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same period in the prior year, the firm earned ($0.06) EPS. The business’s revenue was up 18.2% on a year-over-year basis. As a group, analysts expect that Genius Sports Limited will post -0.16 EPS for the current fiscal year.

About Genius Sports

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.