Round Rock Advisors LLC Invests $595,000 in Genius Sports Limited $GENI

Round Rock Advisors LLC bought a new stake in Genius Sports Limited (NYSE:GENI) in the second quarter, HoldingsChannel reports. The fund bought 98,245 shares of the company’s stock, valued at approximately $595,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GENI. Prelude Capital Management LLC boosted its holdings in Genius Sports by 1.3% in the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,181 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares during the period. SkyView Investment Advisors LLC raised its holdings in shares of Genius Sports by 2.0% in the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after purchasing an additional 1,512 shares during the period. Main Management ETF Advisors LLC lifted its stake in shares of Genius Sports by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock valued at $1,803,000 after purchasing an additional 1,672 shares in the last quarter. Finally, First Dallas Securities Inc. grew its holdings in shares of Genius Sports by 3.0% during the 4th quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock worth $755,000 after purchasing an additional 2,000 shares during the period. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Stock Up 3.7%

Shares of NYSE:GENI opened at $7.45 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports Limited has a 52-week low of $3.83 and a 52-week high of $13.73. The company has a 50 day moving average of $7.09 and a two-hundred day moving average of $5.89. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -10.95 and a beta of 1.88.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Needham & Company LLC boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th. BTIG Research raised their target price on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised 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 given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and a consensus price target of $11.44.

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.