Genius Sports Limited (NYSE:GENI) Receives $9.45 Consensus Target Price from Brokerages

Genius Sports Limited (NYSE:GENI) has been given a consensus rating of “Buy” by the ten research firms that are covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $9.45.

GENI has been the subject of several recent research reports. The Goldman Sachs Group raised their price target on shares of Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, August 8th. B. Riley lifted their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Genius Sports in a research report on Friday, October 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a research report on Tuesday, August 6th. Finally, Macquarie decreased their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Thursday, July 18th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Genius Sports by 25.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,503,563 shares of the company’s stock worth $48,555,000 after buying an additional 1,702,602 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of Genius Sports by 25.0% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 8,503,563 shares of the company’s stock worth $48,555,000 after buying an additional 1,702,602 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Genius Sports in the 1st quarter worth about $119,000. Oppenheimer & Co. Inc. lifted its position in shares of Genius Sports by 58.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 81,770 shares of the company’s stock worth $467,000 after buying an additional 30,089 shares during the last quarter. Finally, MQS Management LLC bought a new position in shares of Genius Sports in the 1st quarter worth about $167,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Trading Up 0.7 %

Shares of Genius Sports stock opened at $6.90 on Thursday. The firm has a market capitalization of $1.58 billion, a PE ratio of -16.05 and a beta of 1.96. Genius Sports has a twelve month low of $4.73 and a twelve month high of $8.64. The firm’s 50-day moving average price is $7.51 and its 200 day moving average price is $6.38.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The business had revenue of $95.50 million during the quarter, compared to analyst estimates of $94.15 million. Genius Sports had a negative net margin of 21.93% and a negative return on equity of 15.30%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, sell-side analysts predict that Genius Sports will post -0.2 EPS for the current fiscal year.

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.