Brokerages Set Genius Sports Limited (NYSE:GENI) Target Price at $11.28

Genius Sports Limited (NYSE:GENI) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.28.

GENI has been the topic of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and set a $11.00 price objective on shares of Genius Sports in a report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $12.00 price objective on shares of Genius Sports in a report on Friday, January 17th. 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 report on Wednesday, November 13th. B. Riley boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a report on Thursday, November 14th.

Institutional Investors Weigh In On Genius Sports

Hedge funds have recently added to or reduced their stakes in the business. Emerald Mutual Fund Advisers Trust purchased a new stake in Genius Sports in the fourth quarter valued at $58,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the 3rd quarter worth about $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports during the 3rd quarter worth about $79,000. Captrust Financial Advisors purchased a new stake in shares of Genius Sports during the 3rd quarter worth about $84,000. Finally, Walleye Trading LLC boosted its stake in shares of Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after acquiring an additional 29,555 shares in the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Trading Up 1.6 %

Shares of GENI stock opened at $9.85 on Friday. The business’s fifty day simple moving average is $8.96 and its 200-day simple moving average is $8.21. The company has a market cap of $2.12 billion, a PE ratio of -30.77 and a beta of 2.15. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.33.

Genius Sports (NYSE:GENI) last issued its quarterly 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 business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. On average, equities analysts forecast that Genius Sports will post -0.1 earnings per share for the current year.

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.