The Goldman Sachs Group Increases Genius Sports (NYSE:GENI) Price Target to $12.50

Genius Sports (NYSE:GENI) had its target price increased by equities research analysts at The Goldman Sachs Group from $11.00 to $12.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 31.66% from the stock’s previous close.

Other equities analysts have also issued reports about the company. JMP Securities reiterated a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Macquarie raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citigroup upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer upped their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Genius Sports presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.94.

Genius Sports Trading Up 2.0 %

GENI stock traded up $0.18 during trading on Wednesday, hitting $9.49. The company had a trading volume of 1,643,205 shares, compared to its average volume of 2,446,756. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -29.68 and a beta of 2.15. The business has a 50 day moving average of $8.97 and a 200 day moving average of $8.42.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The company had revenue of $175.53 million during the quarter, compared to the consensus estimate 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 in the previous year, the business posted ($0.10) earnings per share. As a group, equities analysts predict that Genius Sports will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GENI. GSA Capital Partners LLP purchased a new position in shares of Genius Sports in the third quarter valued at about $532,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Genius Sports during the fourth quarter valued at about $11,292,000. D.A. Davidson & CO. increased its holdings in shares of Genius Sports by 2.7% during the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock valued at $464,000 after acquiring an additional 1,396 shares in the last quarter. Senvest Management LLC increased its holdings in shares of Genius Sports by 12.2% in the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after purchasing an additional 819,385 shares during the period. Finally, Millrace Asset Group Inc. acquired a new position in Genius Sports in the third quarter valued at approximately $1,897,000. 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.