Genius Sports (NYSE:GENI) Stock Price Expected to Rise, Benchmark Analyst Says

Genius Sports (NYSE:GENI) had its price target boosted by Benchmark from $10.00 to $11.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a report on Thursday, August 8th. Macquarie boosted their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday. Oppenheimer boosted their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday. B. Riley upped their price target on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Genius Sports in a report on Tuesday, November 12th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.39.

Genius Sports Stock Down 3.0 %

NYSE:GENI opened at $9.11 on Wednesday. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.15. The company has a market capitalization of $2.09 billion, a P/E ratio of -28.47 and a beta of 1.98. The stock’s fifty day moving average is $7.66 and its two-hundred day moving average is $6.60.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) EPS. Sell-side analysts anticipate that Genius Sports will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GENI. FMR LLC boosted its position in shares of Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock worth $56,604,000 after acquiring an additional 2,507,165 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Genius Sports in the 2nd quarter valued at about $11,233,000. Massachusetts Financial Services Co. MA boosted its position in shares of Genius Sports by 28.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock valued at $37,217,000 after purchasing an additional 1,502,958 shares during the period. Bank of Montreal Can acquired a new stake in shares of Genius Sports in the 2nd quarter valued at about $6,575,000. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Genius Sports in the 2nd quarter valued at about $5,521,000. 81.91% of the stock is owned by institutional investors and hedge funds.

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.