Genius Sports Limited (NYSE:GENI) Receives $10.94 Average Price Target from Analysts

Shares of Genius Sports Limited (NYSE:GENI) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.94.

Several research firms recently commented on GENI. Citizens Jmp downgraded shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Citigroup lifted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Benchmark lifted their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Oppenheimer lifted their target price 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.

Genius Sports Trading Up 0.6 %

GENI opened at $8.78 on Tuesday. The company’s 50 day moving average is $9.07 and its 200-day moving average is $7.74. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33. The company has a market cap of $2.01 billion, a P/E ratio of -27.42 and a beta of 2.15.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating 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 the consensus estimate of $118.94 million. During the same period last year, the company posted ($0.06) EPS. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts forecast that Genius Sports will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Moody National Bank Trust Division increased its stake in shares of Genius Sports by 1.5% in the 4th quarter. Moody National Bank Trust Division now owns 520,214 shares of the company’s stock valued at $4,500,000 after acquiring an additional 7,674 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Genius Sports in the 3rd quarter valued at $78,000. Arkadios Wealth Advisors bought a new stake in shares of Genius Sports in the 3rd quarter valued at $79,000. Captrust Financial Advisors bought a new stake in shares of Genius Sports in the 3rd quarter valued at $84,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Genius Sports in the 2nd quarter valued at $67,000. 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.