Genius Sports Limited (NYSE:GENI) Receives $11.28 Average Price Target from Analysts

Shares of Genius Sports Limited (NYSE:GENI) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $11.28.

A number of analysts have recently weighed in on GENI shares. JMP Securities reiterated a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. Citizens Jmp downgraded shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of Genius Sports in a research report on Friday, January 17th. Finally, Macquarie lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Genius Sports Stock Up 1.0 %

NYSE GENI opened at $9.18 on Friday. The firm has a 50-day moving average price of $9.00 and a two-hundred day moving average price of $8.15. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.33. The company has a market capitalization of $1.97 billion, a P/E ratio of -28.67 and a beta of 2.15.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results 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. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. During the same period in the previous year, the company posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts expect that Genius Sports will post -0.1 EPS for the current year.

Institutional Trading of Genius Sports

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in Genius Sports during the 3rd quarter worth approximately $78,000. Arkadios Wealth Advisors acquired a new position in shares of Genius Sports during the third quarter worth $79,000. Captrust Financial Advisors bought a new stake in shares of Genius Sports in the third quarter worth $84,000. Walleye Trading LLC increased its holdings in Genius Sports by 169.9% in the third 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 during the period. Finally, Steward Partners Investment Advisory LLC raised its position in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors.

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.