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

Shares of Genius Sports Limited (NYSE:GENI) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, 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 1 year price objective among brokerages that have covered the stock in the last year is $12.25.

A number of research firms have recently weighed in on GENI. Oppenheimer upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. B. Riley raised their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, March 5th. Citigroup increased their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC set a $13.00 target price on shares of Genius Sports in a research note on Wednesday, March 5th.

Genius Sports Stock Up 2.1 %

Shares of Genius Sports stock opened at $9.42 on Wednesday. The stock has a market cap of $2.03 billion, a PE ratio of -29.42 and a beta of 2.14. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.33. The business has a fifty day simple moving average of $9.05 and a 200-day simple moving average of $8.49.

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

Institutional Trading of Genius Sports

Several hedge funds have recently modified their holdings of GENI. Divisadero Street Capital Management LP raised its position in Genius Sports by 32,386.5% in the 4th quarter. Divisadero Street Capital Management LP now owns 3,551,751 shares of the company’s stock worth $30,723,000 after purchasing an additional 3,540,818 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Genius Sports in the fourth quarter valued at approximately $24,712,000. FMR LLC grew 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 worth $56,604,000 after acquiring an additional 2,507,165 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Genius Sports in the 4th quarter worth $15,553,000. Finally, Capital Research Global Investors grew its stake in shares of Genius Sports by 14.2% during the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company’s stock worth $112,038,000 after purchasing an additional 1,610,078 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.