Genius Sports Limited (NYSE:GENI) Receives $10.72 Average Target Price from Analysts

Genius Sports Limited (NYSE:GENI) has earned a consensus rating of “Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.72.

Several research firms have recently issued reports on GENI. Macquarie raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. B. Riley increased their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Oppenheimer increased their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research note on Tuesday, November 12th. Finally, Benchmark upped their price target on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th.

Genius Sports Stock Up 1.6 %

GENI opened at $8.86 on Friday. The company has a market capitalization of $2.03 billion, a PE ratio of -27.69 and a beta of 2.12. The firm has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $7.39. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts expect that Genius Sports will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Several institutional investors and hedge funds have recently added to or reduced their stakes in GENI. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Genius Sports by 42.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock valued at $98,000 after buying an additional 5,342 shares in the last quarter. Roubaix Capital LLC boosted its stake in Genius Sports by 16.4% in the second quarter. Roubaix Capital LLC now owns 869,110 shares of the company’s stock valued at $4,737,000 after acquiring an additional 122,544 shares in the last quarter. Koss Olinger Consulting LLC purchased a new position in Genius Sports in the second quarter worth $64,000. Rice Hall James & Associates LLC acquired a new position in shares of Genius Sports during the second quarter worth $5,521,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Genius Sports by 28.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock valued at $37,217,000 after purchasing an additional 1,502,958 shares during the last quarter. 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.