Genius Sports (NYSE:GENI) Reaches New 12-Month High – Still a Buy?

Shares of Genius Sports Limited (NYSE:GENI) hit a new 52-week high on Monday . The stock traded as high as $10.17 and last traded at $10.17, with a volume of 4043 shares trading hands. The stock had previously closed at $10.04.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GENI shares. The Goldman Sachs Group boosted their target price on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th. 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 research note on Wednesday, November 13th. Citigroup boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer raised 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, November 13th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports presently has a consensus rating of “Buy” and an average target price of $10.72.

Genius Sports Stock Up 2.6 %

The company has a market capitalization of $2.29 billion, a PE ratio of -31.25 and a beta of 2.12. The stock’s fifty day simple moving average is $8.03 and its 200-day simple moving average is $6.92.

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

Institutional Investors Weigh In On Genius Sports

A number of large investors have recently bought and sold shares of the stock. Koss Olinger Consulting LLC purchased a new stake in Genius Sports during the 2nd quarter worth about $64,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports during the 2nd quarter worth about $67,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the third quarter worth about $78,000. Arkadios Wealth Advisors acquired a new position in shares of Genius Sports in the third quarter valued at approximately $79,000. Finally, Captrust Financial Advisors purchased a new position in shares of Genius Sports during the third quarter valued at approximately $84,000. 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.