Genius Sports Limited (NYSE:GENI) Receives $10.39 Average Price Target from Analysts

Genius Sports Limited (NYSE:GENI) has earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.72.

A number of research analysts recently issued reports on GENI shares. Macquarie boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Oppenheimer lifted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. 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 note on Thursday, November 14th. Citigroup increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, 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, November 12th.

Genius Sports Stock Up 0.1 %

NYSE GENI opened at $9.78 on Monday. The stock’s 50-day simple moving average is $7.87 and its two-hundred day simple moving average is $6.79. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.15. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -30.63 and a beta of 1.98.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Genius Sports by 2.9% in the 3rd quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock valued at $65,013,000 after acquiring an additional 230,209 shares during the last quarter. Senvest Management LLC boosted its holdings in shares of Genius Sports by 12.2% in the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after purchasing an additional 819,385 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Genius Sports by 10.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock worth $58,959,000 after purchasing an additional 691,539 shares during the period. FMR LLC raised its holdings in Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after buying an additional 2,507,165 shares during the period. Finally, Portolan Capital Management LLC lifted its position in Genius Sports by 9.4% in the third quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company’s stock worth $24,860,000 after buying an additional 272,545 shares during the last quarter. 81.91% of the stock is currently owned by 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.