Genius Sports Limited (NYSE:GENI) Receives $10.72 Consensus Target Price from Analysts

Genius Sports Limited (NYSE:GENI) has been given an average recommendation of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.72.

A number of brokerages have weighed in on GENI. Citigroup upped their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Macquarie boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. B. Riley raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Benchmark increased their price target on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group lifted their price objective on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research report on Thursday, November 14th.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GENI. Koss Olinger Consulting LLC acquired a new stake in Genius Sports in the 2nd quarter valued at $64,000. Vanguard Personalized Indexing Management LLC bought a new stake in Genius Sports during the second quarter worth about $67,000. Sound Income Strategies LLC bought a new position in Genius Sports in the third quarter valued at approximately $78,000. Arkadios Wealth Advisors acquired a new position in shares of Genius Sports during the 3rd quarter worth approximately $79,000. Finally, Captrust Financial Advisors bought a new stake in shares of Genius Sports during the 3rd quarter worth approximately $84,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Price Performance

Genius Sports stock opened at $8.71 on Friday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -27.22 and a beta of 2.12. The firm has a fifty day moving average price of $8.51 and a two-hundred day moving average price of $7.31. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (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 company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same period last year, the business posted ($0.06) EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts expect that Genius Sports will post -0.16 earnings per share for the current year.

About Genius Sports

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.