Genius Sports Limited (NYSE:GENI) Receives $11.69 Consensus Target Price from Analysts

Genius Sports Limited (NYSE:GENI) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.83.

Several analysts have commented on GENI shares. The Goldman Sachs Group boosted their price target on shares of Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer boosted their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citigroup raised their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. JMP Securities reaffirmed a “market outperform” rating and set a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. Finally, B. Riley raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its holdings in shares of Genius Sports by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after acquiring an additional 1,396 shares during the last quarter. ProShare Advisors LLC lifted its stake in Genius Sports by 19.4% in the fourth quarter. ProShare Advisors LLC now owns 17,132 shares of the company’s stock worth $148,000 after purchasing an additional 2,787 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Genius Sports by 39.2% in the fourth 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. State of Wyoming boosted its position in shares of Genius Sports by 8.3% during the fourth quarter. State of Wyoming now owns 45,630 shares of the company’s stock valued at $395,000 after buying an additional 3,495 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Genius Sports by 27.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock valued at $143,000 after buying an additional 3,548 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Up 2.3 %

Shares of Genius Sports stock opened at $9.73 on Wednesday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -30.42 and a beta of 2.14. The stock’s 50-day simple moving average is $9.00 and its 200-day simple moving average is $8.44. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The business had revenue of $175.53 million during the quarter, compared to analysts’ expectations of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period in the prior year, the firm posted ($0.10) earnings per share. On average, equities analysts expect that Genius Sports will post -0.1 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.