Genius Sports (NYSE:GENI) Price Target Raised to $12.50 at The Goldman Sachs Group

Genius Sports (NYSE:GENI) had its target price upped by The Goldman Sachs Group from $11.00 to $12.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 31.66% from the company’s previous close.

Several other equities research analysts have also recently issued reports on GENI. Macquarie raised their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Citigroup upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of Genius Sports in a research report on Tuesday. Oppenheimer upped 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, November 13th. Finally, Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Genius Sports presently has an average rating of “Moderate Buy” and a consensus target price of $11.94.

Genius Sports Stock Performance

Shares of NYSE GENI traded up $0.18 during mid-day trading on Wednesday, reaching $9.49. The company’s stock had a trading volume of 1,643,205 shares, compared to its average volume of 2,446,756. The stock has a market capitalization of $2.04 billion, a P/E ratio of -29.68 and a beta of 2.15. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33. The stock has a 50-day moving average of $8.97 and a two-hundred day moving average of $8.42.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company had revenue of $175.53 million for the quarter, compared to analysts’ expectations of $175.52 million. During the same quarter in the previous year, the business posted ($0.10) EPS. Analysts predict that Genius Sports will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Several large investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. acquired a new position in shares of Genius Sports during the 4th quarter valued at $8,080,000. Castleark Management LLC acquired a new position in Genius Sports in the fourth quarter worth $3,962,000. Two Sigma Investments LP bought a new position in Genius Sports in the fourth quarter worth about $227,000. State of Wyoming boosted its position in Genius Sports by 8.3% during the 4th quarter. State of Wyoming now owns 45,630 shares of the company’s stock valued at $395,000 after purchasing an additional 3,495 shares during the period. Finally, Sycale Advisors NY LLC bought a new position in shares of Genius Sports during the fourth quarter worth about $12,113,000. 81.91% of the stock is currently 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.