Genius Sports Limited (NYSE:GENI) Receives Average Recommendation of “Buy” from Analysts

Genius Sports Limited (NYSE:GENI) has been assigned an average recommendation of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $10.72.

Several equities research analysts have recently issued reports on GENI shares. B. Riley increased their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Citigroup increased their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group lifted their target price on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Macquarie boosted their price target on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th.

Genius Sports Stock Performance

Genius Sports stock opened at $8.86 on Friday. The business’s 50-day simple moving average is $8.60 and its two-hundred day simple moving average is $7.39. The company has a market cap of $2.03 billion, a PE ratio of -27.69 and a beta of 2.12. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) earnings per share. As a group, analysts predict that Genius Sports will post -0.16 EPS for the current fiscal year.

Institutional Trading of Genius Sports

Hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Genius Sports during the 3rd quarter worth $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports in the third quarter valued at about $79,000. Captrust Financial Advisors purchased a new position in Genius Sports during the third quarter worth about $84,000. Koss Olinger Consulting LLC acquired a new stake in shares of Genius Sports during the second quarter valued at about $64,000. Finally, Walleye Trading LLC raised its stake in shares of Genius Sports by 169.9% in the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after acquiring an additional 29,555 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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.