Genius Sports (NYSE:GENI) Given New $11.50 Price Target at The Goldman Sachs Group

Genius Sports (NYSE:GENI) had its price target upped by The Goldman Sachs Group from $8.50 to $11.50 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Benchmark boosted their price objective on Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday. B. Riley 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 note on Wednesday. Oppenheimer 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 note on Wednesday. Macquarie boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research report on Tuesday, November 12th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $10.39.

Genius Sports Trading Down 3.0 %

Shares of GENI opened at $9.11 on Thursday. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.15. The company’s fifty day simple moving average is $7.66 and its 200-day simple moving average is $6.60. The company has a market cap of $2.09 billion, a P/E ratio of -28.47 and a beta of 1.98.

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

Institutional Investors Weigh In On Genius Sports

Hedge funds have recently modified their holdings of the business. Koss Olinger Consulting LLC bought a new position in Genius Sports in the second quarter worth approximately $64,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Genius Sports in the 2nd quarter valued at $67,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the 3rd quarter worth $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports during the 3rd quarter worth $79,000. Finally, Captrust Financial Advisors bought a new stake in Genius Sports during the third quarter valued at about $84,000. Hedge funds and other institutional investors 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.