Fullcircle Wealth LLC Makes New Investment in Genius Sports Limited (NYSE:GENI)

Fullcircle Wealth LLC acquired a new stake in shares of Genius Sports Limited (NYSE:GENI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,000 shares of the company’s stock, valued at approximately $118,000.

A number of other large investors have also modified their holdings of the company. Sound Income Strategies LLC bought a new stake in Genius Sports in the 3rd quarter valued at $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports in the third quarter worth about $79,000. Koss Olinger Consulting LLC bought a new position in Genius Sports during the second quarter worth about $64,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Genius Sports during the second quarter valued at approximately $67,000. Finally, Virtu Financial LLC bought a new stake in shares of Genius Sports in the 1st quarter valued at approximately $94,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GENI shares. The Goldman Sachs Group raised their target price on Genius Sports from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Genius Sports in a report on Friday, October 11th. B. Riley boosted their price target on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Macquarie dropped their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Thursday, July 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.00 target price on shares of Genius Sports in a report on Tuesday, August 6th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $9.45.

Genius Sports Stock Up 0.7 %

Genius Sports stock opened at $6.90 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -16.05 and a beta of 1.96. Genius Sports Limited has a 12-month low of $4.73 and a 12-month high of $8.64. The business’s 50-day simple moving average is $7.51 and its 200 day simple moving average is $6.38.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Genius Sports had a negative return on equity of 15.30% and a negative net margin of 21.93%. The business had revenue of $95.50 million for the quarter, compared to the consensus estimate of $94.15 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that Genius Sports Limited will post -0.2 EPS for the current 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.