Kercheville Advisors LLC Purchases Shares of 60,550 Genius Sports Limited $GENI

Kercheville Advisors LLC acquired a new position in shares of Genius Sports Limited (NYSE:GENI) during the 3rd quarter, Holdings Channel reports. The fund acquired 60,550 shares of the company’s stock, valued at approximately $750,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Global Alpha Capital Management Ltd. bought a new stake in Genius Sports in the second quarter worth $43,552,000. Invesco Ltd. grew its stake in shares of Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after buying an additional 3,202,290 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Genius Sports in the 2nd quarter worth about $27,312,000. Millennium Management LLC raised its position in shares of Genius Sports by 1,579.0% during the 1st quarter. Millennium Management LLC now owns 2,766,206 shares of the company’s stock valued at $27,690,000 after buying an additional 2,601,453 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Genius Sports during the 2nd quarter valued at about $14,220,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GENI shares. UBS Group set a $16.00 price objective on Genius Sports in a research note on Monday, December 8th. Macquarie reissued an “outperform” rating and set a $15.00 target price on shares of Genius Sports in a research report on Wednesday, November 5th. The Goldman Sachs Group increased their price target on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, December 4th. New Street Research set a $17.00 price objective on shares of Genius Sports in a research note on Thursday, December 4th. Finally, Roth Capital initiated coverage on shares of Genius Sports in a research report on Friday, September 12th. They set a “buy” rating and a $16.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Genius Sports currently has an average rating of “Moderate Buy” and a consensus price target of $15.05.

Genius Sports Stock Performance

Shares of GENI stock opened at $10.78 on Monday. The stock has a 50 day moving average price of $10.53 and a 200 day moving average price of $11.33. Genius Sports Limited has a 52-week low of $8.15 and a 52-week high of $13.73. The firm has a market capitalization of $2.32 billion, a P/E ratio of -22.93 and a beta of 1.81.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.18). Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $156.24 million. As a group, sell-side analysts forecast that Genius Sports Limited will post -0.1 EPS for the current 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.