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

Genius Sports (NYSE:GENI) had its price objective upped by The Goldman Sachs Group from $11.00 to $12.50 in a research report sent to investors on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages have also weighed in on GENI. Citigroup lifted their target price on 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 restated a “buy” rating and issued a $12.00 price objective on shares of Genius Sports in a report on Tuesday. Citizens Jmp cut shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. JMP Securities restated a “market outperform” rating and issued a $11.00 price target on shares of Genius Sports in a report on Monday, January 27th. Finally, Oppenheimer upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Genius Sports has a consensus rating of “Moderate Buy” and an average price target of $11.83.

Genius Sports Trading Up 4.5 %

NYSE GENI opened at $9.73 on Wednesday. The stock has a market cap of $2.09 billion, a PE ratio of -30.39 and a beta of 2.15. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.33. The company’s 50-day moving average price is $8.99 and its 200-day moving average price is $8.43.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The company had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter in the prior year, the company earned ($0.10) earnings per share. As a group, sell-side analysts forecast that Genius Sports will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in Genius Sports by 2.7% in the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock valued at $464,000 after acquiring an additional 1,396 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Genius Sports by 19.4% during the fourth quarter. ProShare Advisors LLC now owns 17,132 shares of the company’s stock worth $148,000 after purchasing an additional 2,787 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after purchasing an additional 3,429 shares during the last quarter. State of Wyoming boosted its position in shares of Genius Sports by 8.3% in the 4th quarter. State of Wyoming now owns 45,630 shares of the company’s stock worth $395,000 after purchasing an additional 3,495 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Genius Sports by 27.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock worth $143,000 after buying an additional 3,548 shares during the last quarter. 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.