Genius Sports Limited (NYSE:GENI) Receives $10.94 Consensus Price Target from Analysts

Genius Sports Limited (NYSE:GENI) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $10.94.

GENI has been the topic of a number of recent research reports. Benchmark raised their price target on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. B. Riley raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research report on Tuesday, November 12th. Macquarie raised 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. Finally, The Goldman Sachs Group raised their price target on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th.

Hedge Funds Weigh In On Genius Sports

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in Genius Sports in the 3rd quarter valued at about $78,000. Arkadios Wealth Advisors acquired a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $79,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $84,000. Walleye Trading LLC boosted its stake in shares of Genius Sports by 169.9% in the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after purchasing an additional 29,555 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports in the 2nd quarter valued at approximately $67,000. 81.91% of the stock is owned by institutional investors.

Genius Sports Price Performance

Shares of GENI opened at $8.78 on Tuesday. The firm has a market capitalization of $2.01 billion, a PE ratio of -27.42 and a beta of 2.15. The company’s 50-day moving average is $9.07 and its 200-day moving average is $7.74. 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 issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) earnings per share. Analysts predict that Genius Sports will post -0.16 earnings per share for the current fiscal 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.