Genius Sports (NYSE:GENI) Sets New 52-Week High – Time to Buy?

Genius Sports Limited (NYSE:GENI) reached a new 52-week high on Monday . The stock traded as high as $10.17 and last traded at $10.17, with a volume of 4043 shares traded. The stock had previously closed at $10.04.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Benchmark upped their price target on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. B. Riley lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Citigroup boosted their target price on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Macquarie raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $10.72.

Genius Sports Stock Performance

The stock has a market cap of $2.29 billion, a PE ratio of -31.25 and a beta of 2.12. The stock has a fifty day simple moving average of $8.03 and a two-hundred day simple moving average of $6.92.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 business 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) earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Genius Sports Limited will post -0.16 EPS for the current fiscal year.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently modified their holdings of GENI. Sound Income Strategies LLC purchased a new position in Genius Sports in the third quarter valued at about $78,000. Arkadios Wealth Advisors acquired a new position in shares of Genius Sports in the 3rd quarter valued at approximately $79,000. Captrust Financial Advisors acquired a new position in shares of Genius Sports in the 3rd quarter valued at approximately $84,000. Koss Olinger Consulting LLC purchased a new position in shares of Genius Sports during the 2nd quarter valued at approximately $64,000. Finally, Walleye Trading LLC grew its position in shares of Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after buying an additional 29,555 shares in the last quarter. 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.