Genius Sports (NYSE:GENI) Price Target Raised to $12.00

Genius Sports (NYSE:GENI) had its target price raised by Oppenheimer from $10.00 to $12.00 in a research report report published on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Benchmark restated a “buy” rating and issued a $10.00 target price on shares of Genius Sports in a research note on Friday, October 11th. B. Riley lifted their price target on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Macquarie reduced their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. The Goldman Sachs Group lifted their target price on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research report on Tuesday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Genius Sports has a consensus rating of “Buy” and a consensus price target of $10.39.

Genius Sports Stock Down 3.0 %

Shares of GENI stock opened at $9.11 on Wednesday. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.15. The firm has a fifty day moving average of $7.66 and a 200-day moving average of $6.58. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -28.47 and a beta of 1.98.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The firm had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. On average, equities analysts expect that Genius Sports will post -0.2 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Several large investors have recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Genius Sports by 42.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock worth $98,000 after acquiring an additional 5,342 shares during the last quarter. Levin Capital Strategies L.P. lifted its holdings in Genius Sports by 40.0% during the 1st quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $200,000 after purchasing an additional 10,000 shares during the last quarter. 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 Genius Sports in the 3rd quarter valued at $79,000. Finally, Captrust Financial Advisors bought a new position in Genius Sports during the 3rd quarter worth $84,000. 81.91% of the stock is 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.