Genius Sports (NYSE:GENI) Stock Price Expected to Rise, Benchmark Analyst Says

Genius Sports (NYSE:GENI) had its target price increased by investment analysts at Benchmark from $10.00 to $11.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 10.22% from the company’s previous close.

A number of other analysts also recently issued reports on GENI. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research report on Tuesday. B. Riley boosted their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Oppenheimer raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday. Macquarie lifted 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. Finally, The Goldman Sachs Group increased their target price on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $10.25.

Genius Sports Trading Up 5.4 %

Shares of Genius Sports stock traded up $0.51 on Wednesday, reaching $9.98. The stock had a trading volume of 3,192,057 shares, compared to its average volume of 2,355,819. The business’s 50 day moving average is $7.53 and its two-hundred day moving average is $6.52. The company has a market cap of $2.29 billion, a P/E ratio of -23.39 and a beta of 1.98. Genius Sports has a 1 year low of $4.90 and a 1 year high of $10.15.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative net margin of 21.93% and a negative return on equity of 15.30%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. On average, equities analysts anticipate that Genius Sports will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AYAL Capital Advisors Ltd bought a new position in shares of Genius Sports during the second quarter valued at approximately $4,635,000. Rice Hall James & Associates LLC purchased a new stake in shares of Genius Sports in the 2nd quarter worth approximately $5,521,000. Hood River Capital Management LLC increased its position in Genius Sports by 6.0% during the 2nd quarter. Hood River Capital Management LLC now owns 2,026,873 shares of the company’s stock valued at $11,046,000 after buying an additional 114,490 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Genius Sports during the second quarter valued at $1,804,000. Finally, Bank of Montreal Can bought a new stake in Genius Sports in the second quarter worth $6,575,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Company Profile

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.